MTD Submission - Landlord account

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1

Hi

I have tried to do the first submission and this is what has popped up

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Can you explain what I need to do to get everything included please

Thanks

2

Hello @Twins1998

You need to Configuring your Cumulative Update Nominal Mappings

This means including the codes in your profit an loss report (or cash based profit and loss report if you are doing a cash based submission) in the Nominal Mappings screen

3

Hi Steve

Do I need to put the property income and costs into UK Property and the the admin charges into self employment such as Use of Office, fuel etc

If I do this does the system automatically link the 2 together to produce an overall picture

Thanks

4

Hello @Twins1998

For the quarterly updates they are treated as individual submissions

You would post your property income and costs to separate nominal codes to your self employed income then do the mappings for the 2 sets of codes

e.g.
4000 general sales (self employed income) - mapped on self employed submission
4904 rent income (Property income) - mapped on UK Property submission

Same for expense codes

Both submissions would be going to the same HMRC Tax account so an overall picture can be calcualted