| Bright Software Group |
| BrightBooks |
| United Kingdom & Ireland |
| ● Product Update |
| What's new in this release |
| 📅 Releasing 1 May 2026✏️ 2 new features |
| 2 | New features | UK & IE | Both regions updated |
This release introduces comprehensive foreign property support for Making Tax Digital for Income Tax, and a new option to retrieve historical MTD VAT return periods from HMRC. Everything below will be live from 1 May 2026. If you have any questions, our support team is happy to help.
New Feature
MTD for Income Tax — Foreign Property Support
BrightBooks now supports foreign property businesses under Making Tax Digital for Income Tax. You can set up foreign property divisions that register and sync directly with HMRC, import transactions organised by property and country, and generate quarterly return supporting reports — including a simplified 3-line accounting option. When you no longer need a foreign property division, you can end it directly from BrightBooks by selecting a reason and date. HMRC is notified automatically, and the division is retained for your historical records while being excluded from future returns. UK
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New Feature
Sync Historical MTD VAT Obligations from HMRC
You can now retrieve MTD VAT Obligations from HMRC for periods beyond the current year. Choose a start date, and BrightBooks will sync up to a full year of historical VAT return periods — useful if you need to access older periods that were not previously visible, for example after refreshing your HMRC credentials or onboarding a client mid-year. UK & Ireland
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Need help with anything in this update? Our support team is always happy to help. Visit brightsg.com/support or get in touch with us directly.