Cash Basis For Landlords – Accountants In Croydon

HMRC’s making tax digital’ (MTD) strategy aims to transform the UK into one of the most technologically advanced tax administrations in the world. Businesses and landlords will be required to keep digital records and provide quarterly digital updates to HMRC, according to the proposals. To make this a reality, various other simplifications and initiatives are being implemented, including the possibility of certain landlords shifting to cash basis accounting.

Source: https://bestaccountantsincroydon.blogspot.com/2022/09/cash-basis-for-landlords-explained.html