Get ready for MTD now
Start recommending Hammock today and help your landlord clients transition to this new tax regime.
MTD for Income Tax is here. Letting agents are feeling the impact — even if they do not file the returns
Landlords are 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 are 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 is the first landlord software compatible with MTD. Keep digital records of rental income and submit quarterly filings to HMRC in compliance with the MTD requirements.
Hammock is the software of choice to manage rental income and expenses for Intuit Quickbooks, Sage, and for leading accountants in the UK.
Hammock is industry supplier for Propertymark members.
Start recommending Hammock today and help your landlord clients transition to this new tax regime.
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.
