Get ready for MTD now
Making Tax Digital for IT will come into effect in April 2026. Start recommending Hammock today and make the transition to this new tax regime smooth and easy.
MTD for Income Tax is coming. Letting agents will feel the impact — even if they’re not filing the returns
Landlords will be required to submit quarterly filings to HMRC. Their requests for statements will be much more frequent and urgent.
Landlords will scrutinise more closely any deductions and most likely will ask for guidance on how to categorise them, although this is not an agent’s responsibility.
Requests for receipts and supporting documents for the tax filings will intensify as each quarterly deadline approaches.
Landlords will be on a learning curve with MTD and they are likely to keep your customer support channels busy, as they wrap their head about this new tax regime.
Hammock can automatically track recurring transactions for landlords, from rental income to monthly expenses.
Hammock is the first landlord software recognised by HMRC as compatible with Making Tax Digital (MTD). Landlords can link transactions to the relevant properties and tenancies, with full visibility on the breakdown of expenses.
Landlords have access in real-time to reports and statements, no need to ask you for copies.
Hammock’s notifications and alerts will help landlords prepare for MTD deadlines with less stress and no panic.
Making Tax Digital for IT will come into effect in April 2026. Start recommending Hammock today and make the transition to this new tax regime smooth and easy.
Yes, you can find us on the official list of MTD-compatible software here.
Yes, Hammock automatically allocates the right percentage of rental income and expenses to each owner, based on their percentage of ownership.
Hammock can also manage partnerships and limited companies (with multiple shareholders.)
Yes, Hammock works with all tenancies. You can split rental payments and shared expenses and allocate the relevant amounts to the respective tenants.
No training needed. Just sign up and get started now: the first 30 days are free!
If you have any questions, you can always find us (well, Mon – Fri 9am-5pm) at hello@usehammock.com.
