UK proptech platform August gains HMRC recognition for Making Tax Digital

Source: August

August, the UK PropTech platform for residential landlords, has been recognised by HM Revenue and Customs as software compatible with Making Tax Digital.

The recognition places August on HMRC’s official list of compatible software and positions the company to serve a market of millions of landlords now required to report their tax digitally for the first time.

Making Tax Digital for Income Tax became mandatory on 6 April 2026 for landlords and sole traders whose qualifying income exceeds £50,000. The threshold falls to £30,000 in April 2027 and to £20,000 in April 2028. HMRC estimates that close to one million landlords and sole traders were brought into the regime in its first year, with the total expected to exceed three million once the lowest threshold takes effect. Each of them now needs recognised software to keep digital records and file four quarterly updates a year, a shift that has created one of the largest new software markets in UK financial services almost overnight.

August’s approach centres on Open Banking. The platform connects directly to a landlord’s bank account through FCA-regulated Open Banking, categorises rental income and expenses automatically, and now channels those figures into the quarterly updates that HMRC requires. Rather than bolting tax reporting onto a spreadsheet, August brings rent tracking, compliance and document management, tenancy tools and Making Tax Digital support into a single platform, supported by its AI layer, August Intelligence.

“The private rented sector has been one of the last corners of financial services to digitise, and Making Tax Digital has changed that almost overnight for millions of landlords,” said Richard Samuel, chief executive officer of August.

“We built August on Open Banking so that compliance happens automatically in the background rather than becoming a chore at the end of the year. HMRC recognition is an important milestone, but it is really a starting point for what a modern, data-driven platform can do for landlords.”

Further reading: Yapily partners with Making Tax Digital platform to help sole traders and landlords