Bank Accounts & Payments
Feb 4, 2026

Yes. Every payment August records is a digital record that HMRC accepts under Making Tax Digital for Income Tax (MTD for IT). When it's time to file your quarterly update, August already has your rental income and expenses categorised and totalled, you review the figures and submit directly from the app. No bridging software, no spreadsheet exports, no manual preparation. Making Tax Digital for Income Tax applies to landlords earning over £50,000 from April 2026, with the threshold dropping to £30,000 in 2027 and £20,000 in 2028.
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