MTD ITSA Allow manual entry of Property Income
It would be extremely helpful if Xero allowed UK Property Income to be entered manually within the MTD ITSA return, rather than requiring transactions to be entered into the ledger or quarterly journals to be posted.
A common scenario is where a sole trader already uses Xero for their business but also has separate UK property income. Whilst it's possible to separate the figures using tracking categories, this still mixes business and property transactions within the same accounting records.
Allowing manual entry of the quarterly property income and expenses for MTD ITSA would:
- Keep business and property records completely separate.
- Avoid unnecessary journals or duplicate transaction entry solely for MTD compliance.
- Simplify the preparation of quarterly updates for clients with both trading and property income.
- Better reflect how many accountants manage these records in practice, particularly where property records are maintained outside of Xero.
This would make the MTD ITSA workflow much more practical for accountants and bookkeepers managing clients with multiple income sources.
Karl Newman
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