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L
liz-brown
New Member
February 18, 2026
Question

MTD Income Tax - Sole Trader AND a landlord. Are two QBO subscriptions needed?

  • February 18, 2026
  • 1 reply
  • 115 views

I've been approached by a Sole Trader who will need to log his income under MTD Income Tax from April26. He is also a landlord to a couple of properties. I have read that HMRC will want separate submissions for each income stream. So 8 submissions a year. I've also seen that Xero software allows for this under one subscription. And that currently no QBO subscription does. So if he goes with Intuit, then he will be paying for 2 subscriptions. and have to log everything separately. (He has one bank account for both rental income and his sole trader entries) Is this really the case with Intuit? I have championed QBO over Xero for the last few years. But if there are no plans to support this, I will have to recommend he use Xero. And look at the Xero benefits for my other Sole Trader MTD IT clients....

1 reply

J
JayCaeRQuickBooks Team
QuickBooks Team
February 18, 2026

Hi there, Liz. HMRC’s MTD rules can be challenging, especially when managing separate income streams with a shared bank account. We're here to help make things clearer for you and your client.

 

You are correct that HMRC requires separate submissions for sole trader income and rental income under MTD Income Tax. Currently, QuickBooks Online (QBO) requires separate subscriptions to manage these income streams because submissions are tied to individual accounts for compliance purposes. It means your client would need two QBO subscriptions to stay compliant.

 

That said, your client can connect their shared bank account to both QBO subscriptions to categorize and track transactions for each income stream. They can also exclude irrelevant transactions to ensure submissions are accurate and compliant.

 

While QBO doesn’t support multiple submissions within a single account, tools like advanced reporting and integrations are available to streamline MTD compliance. Updates are regularly introduced based on user feedback.

 

If you have further concerns about QuickBooks, you can use the Reply button below. We're here to help.

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