MTD Module

The MTD Module in RentalBux streamlines tax-related activities, ensuring compliance with government regulations and enabling accurate tax reporting. It is designed to assist property managers, landlords, and finance teams in preparing, mapping, submitting, and tracking tax records efficiently. By integrating directly with accounting data and official submission platforms such as HMRC's Making Tax Digital (MTD) service, the module simplifies the otherwise complex tax process.

With features that enhance transparency, reduce manual errors, and ensure timely submissions, the Taxation Module helps maintain legal compliance while optimizing administrative effort. Users can configure tax settings, map ledgers, and submit returns directly from within RentalBux, ensuring accuracy and convenience in every step of the process.

Sub-Modules

This module includes the following sub-modules:

Setup

The Setup sub-module is where users configure their HMRC account credentials and API connections. It allows secure integration between RentalBux and the HMRC system for direct data exchange. Settings include authentication details, VAT registration information, and submission preferences to facilitate smooth, compliant communication with HMRC.

Tax Submission

The Tax Submission sub-module handles the final step of the tax process—submitting the prepared tax return to HMRC through the MTD gateway. Users can preview the submission, validate entries, and receive confirmation receipts from HMRC. It also stores a historical record of all submissions for audit and reference purposes, ensuring traceability and compliance.

Ledger Mapping

Ledger Mapping enables users to link internal accounting ledgers with tax-specific categories required for reporting. This ensures that financial data is properly classified for Tax and other statutory returns. The mapping process reduces manual intervention, increases reporting accuracy, and supports compliance with standard tax codes and formats.