HMRC ARE COMING FOR YOU! Are you ready for Making Tax Digital?

HMRC are changing the tax system and if you're a landlord or small business owner, this will affect you. Making Tax Digital (MTD) means the end of the once-a-year self-assessment. Instead, you'll need to keep digital records and submit updates every quarter, plus an end-of-year declaration. That’s five interactions with HMRC every year instead of one. In this video I break down what Making Tax Digital actually means, who it affects from April 2026, and what landlords and sole traders need to do now to stay compliant and avoid penalties. The direction of travel for UK property is clear, landlords who treat this like a business will adapt and thrive. Want to become one of my investors? Do you have £100K ready to go? fill in your details here: Thanks! Go to https://www.aspirepropertygroup.co.uk/?utm_source=YoutubeOrganic and fill in your details! --------------------------------------------------------------------------------------------------------------------------- Interested in getting educated by me about all thing Property Investing then go to: https://www.aspireeducation.co.uk/joinaspireeducation --------------------------------------------------------------------------------------------------------------------------- Want to learn more about Buy-to-Let's, download my free guide here: https://bit.ly/jyboringvanillabtlguide How I research properties: PropertyData: https://propertydata.co.uk/a/jamieyork --------------------------------------------------------------------------------------------------------------------------- How I Manage my portfolio finances for free: Lendlord: https://lendlord.io/jamie-york-deal-analyzing-with-lendlord --------------------------------------------------------------------------------------------------------------------------- How I get finance for my property deals: https://lendlord.io/aspire-education-finance --------------------------------------------------------------------------------------------------------------------------- Before you go make sure you've subscribed to not miss out on the latest property investment videos! 00:00 - HMRC’s New Tax Rule Explained 00:38 - What's Actually Changing 01:58 - Who Will Be Affected From April 2026 03:19 - What You Need To Do 03:31 - Penalty Points & Fines 03:53 - Think about Dave & Sally 05:01 - The Bigger Pattern in UK Property Regulation 06:00 - Personal Ownership vs Limited Company 07:30 - What Landlords Should Do Now 09:16 - Professional Investors Will Benefit