What records do I need to keep for MTD?

You’ll need to keep digital records of your rental income and expenses, and retain supporting documents, such as receipts and invoices. Practically, that means capturing transactions as they happen and storing evidence in a way that’s easy to find later if you or your accountant need to review it. August is designed to make this simple, you can snap a photo of a receipt, link it to an expense, and tag it to the right property so everything is stored in one place and “MTD-ready”.