It’s me again getting in a state about MTD?
12:02 AM, 10th July 2026, 19 hours ago
14
I’ve been thrown into a flat spin once again after reading that those poor sods who are already caught up in the MTD sh*tsh*w are fast approaching their first submission date and, knowing that will be me too in 2027, I was reminded that I have done nothing about getting myself ready for it
I am a 73-year-old techno dinosaur, and knowing that I will need to abandon the method that has served us well for the past 20 years (that being several self-designed Excel sheets to accompany a folder containing our receipts etc that goes in once a year to the accountant) I am TERRIFIED about what is heading down the line at me
I spoke to my s-i-l, and he reckons I need to find something that will work with XERO, which he is familiar with, so that he can help me, and bearing that in mind I had a go with the free trial GO version of Landlord Studio this morning. After several frustrating hours, I had added our 4 properties, our tenants and their rental amounts and dates. I even managed, with some help, to add the two of us as owners and to allocate our different shared percentages (because only I will need to engage with MTD in 2027)
Then I watched their demo, which tbh lost me within 2 minutes, but what became very clear very quickly was that, with 4 properties rather than just 3, we would be paying for a whole mass of functions and additions we don’t need: we don’t need marketing tools, or tenant finding tools or online rent collection options for starters
I am perfectly capable of remembering, with the help of our diary, when certificates are due, etc and I really feel that all we need is what we are obliged to provide to HMRC, which, as far as I can see, is some kind of a super simple digital tool that will collate and evidence our income and expenses and nothing else?
Is there a really straightforward and simple product out there that will do just that with no additional frills or fripperies, that will cost as little as possible and which will then tie up with XERO to submit my MTD report to HMRC???
Many thanks
Denise
