I have just received an email from FTAX (the software provider that I currently use to submit individual tax returns) and just wanted to confirm that from April 2023 those in receipt of either/or both self employed income and rental income will become part of the MTD process (providing the amount is in excess of £10k). The email from FTAX says;-
MTD Self Assessment will require:landlord and self-employment incomes and expenses data to be submitted at least every quarter (provided the tax filer’s total income exceed £10k per annum).
I was under the impression that if you had PAYE earnings and rental income below £10k, you would not be required to do the quarterly returns. The statement from FTAX implies that the requirement is based on total income ie PAYE + rental income.
I would welcome any comments