ITSA Made Simple With RENT+
While agents are not responsible for submitting a landlord’s tax return, you play a vital role in
helping ensure that financial records are complete, digital, and easy for accountants to work from.
That’s where RENT+ makes all the difference.
From April 2026, many landlords will move onto Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) and letting agents will naturally become the first point of contact for clarity, guidance, and accurate financial information.
Why ITSA Matters to Letting Agents
HMRC’s new rules require landlords to:
- Keep digital records of all property income and expenses
- Submit quarterly updates through compatible software
- Submit a Final Declaration after year-end
For many landlords, your office becomes their main source of financial clarity: rent schedules, transactional history, expenses, contractor payments, fees, retained income and more.
Agents who prepare early will not only reduce admin headaches, they’ll become a trusted compliance partner for their landlords.
Key ITSA Dates
From April 2026, ITSA will apply to landlords earning over £50,000 in self-employed income. The entry threshold then falls to £40,000 in 2027 and £30,000 in 2028, bringing more landlords into the scheme year by year.
For those entering the scheme early, the key quarterly periods and submission deadlines are outlined below:
| Period | Dates Covered | Submission Deadline |
|---|---|---|
|
Q1 |
6th April – 5th July |
7th August |
|
Q2 |
6th July – 5th October |
7th November |
|
Q3 |
6th October – 5th January |
7th February |
|
Q4 |
6th January – 5th April |
7th May |
|
Final Declaration |
6th April – 5th April |
31st January |
What Counts as a Digital Record?
HMRC requires that income and expenses must be recorded in a digital format, including:
- Rental income received
- Property-related expenses (repairs, management fees, tradespeople, insurance etc.)
- Any other income/expense relevant to the property business
For letting agents, being able to produce clear, comprehensive financial reports quickly and efficiently is vital. It strengthens the trust you have with your clients and ensures you’re ready to support the growing number of landlords who will fall within the ITSA thresholds in the years ahead.
How RENT+ Supports Letting Agents with ITSA
Designed with the UK rental industry in mind, RENT+ gives agents everything needed to provide landlords with compliant, ready-to-use financial information.
- Digital Record-Keeping
Every rent payment, contractor invoice, fee, and adjustment is recorded digitally inside RENT+.
- ITSA-Style Financial Reports
Three brand-new reports have been introduced specifically for ITSA preparation:
- Quarterly Income Summary
- Categorised Commission Report
- Totals Summary Report
These help your landlords (and their accountants) compile quarterly updates with confidence.
- New ITSA Information Fields on Landlord Records
A dedicated ITSA section allows agents to maintain key submission-relevant details, making your portfolio fully organised for HMRC’s changes.
- ToDoToday Alerts for Landlords Who May Need ITSA Support
Your team will see clear notifications for landlords marked as ITSA eligible letting you be proactive and informed.
Your Role as a Letting Agent (and How RENT+ Makes It Easier)
You are not expected to become a tax adviser — but you are instrumental in ensuring that:
- Records are accurate
- Transactions are categorised
- Statements are accessible
- Landlords understand what they need to submit
RENT+ is built to support this by removing friction, reducing manual admin, and making compliance part of your everyday workflow.
Get Your Portfolio ITSA-Ready with RENT+
Support your landlords, reduce admin, and stay ahead of compliance changes.