The National Residential Landlords Association is teaming up with an HMRC-recognised digital tax filing platform ahead of the start of Making Tax Digital (MTD).
The partnership with Taxd will enable landlords using the NRLA Portfolio service to manage their property finances through a seamless connection with Taxd, and their MTD compatible digital tax return software.
With MTD coming into effect from April 6 – that’s under three weeks time – users of NRLA Portfolio can ensure they are compliant by reporting income and expenses to HMRC quarterly and filing annual returns.
As part of the partnership, NRLA members will also benefit from access to discounted rates for Taxd services, alongside a streamlined experience when using it with Portfolio.
Arjun Kumar, co-founder of Taxd says: “Landlords are currently navigating a storm of regulatory and tax changes.
“While Making Tax Digital is often viewed as another burden, this partnership with the NRLA proves that the right support can turn compliance into a competitive advantage.”
And NRLA chief executive Ben Beadle says: “With landlords facing growing regulatory pressures, our partnership with Taxd is an essential step towards supplying NRLA members with a seamless, end-to-end, property management and compliance system.
“Thanks to this relationship, NRLA members need not look elsewhere for support transitioning to digital record keeping and tax compliance.”
This article is taken from Landlord Today