Renters Rights Bill
The Renters Rights Bill was passed by Parliament on Wednesday 22nd October 2025 and is now awaiting Royal Assent which is anticipated to be given by the end of the month. The bill was passed with no further amendments that will affect any of your properties so therefore the new legislative requirements will be as per the previous emails and content that we have been confirming over the past 4-6 months. Those blogs can be found on our website by clicking HERE. We will keep you notified as soon as the implementation date is announced which is now anticipated for a date early in 2026, although it will be a phased implementation with additional secondary legislation needed for some areas of the bill.
We would like to confirm and reassure you that we are ready for the implementation and will keep not only yourselves, as Landlords, compliant but your properties and tenancies as well.
Digital Tax
The Government/HMRC are now implementing a phased process whereby all those self-employed/sole traders and/or those that receive rental income as individuals will need to submit quarterly income statements to HMRC via a digital platform (an HMRC recognised and compatible platforms such as SAGE, XERO, QuickBooks or other accounting software or through accountancy practices). The phasing is based upon the following income thresholds:
From April 2026 – For those who have a gross income greater than £50,000 based on 2024/25 self-assessment tax return
From April 2027 – For those who have a gross income greater than £30,000 based on 2025/26 self-assessment tax return
From April 2028 – For those who have a gross income greater than £20,000 based on 2026/27 self-assessment tax return
The threshold values are based upon the gross income and not the net income (so expenses are not considered in the threshold value). The threshold values also exclude any PAYE and any dividend income.
We are still looking at ways that we can help you with the above, and our software providers are looking at how they can provide you with that information as well.
HMRC have also confirmed that they presently will only be looking at the quarterly returns if an issue appears in the annual self-assessment submission at the end of each of each tax year. There is no requirement for any payments to be made on account each quarter unless you do so currently as part of your existing self-assessment returns.
More information can be made available on the Government website by clicking HERE.
We will provide more information on what we can do to help you with this process in due course once we have feedback from our software providers.
As always, we are here to help and support you with all the legislative changes and to ensure that you and your properties/tenancies remain complaint with those changes as they come in.