| Bright Software Group |
| BrightBooks |
| United Kingdom |
| ● Product Update |
| What's new in this release |
| 📅 Releasing Tuesday 9 June 2026✏️ 1 new feature |
| 1 | New feature | 0 | Improvements & fixes | UK | Region updated |
This release extends BrightBooks' Making Tax Digital for Income Tax Foreign Property support, adding Excel-based quarterly imports for Q2, Q3, and Q4, along with a supporting report for the simplified 3-line accounting method. Everything below will be live from 8 June 2026.
New Feature
MTD for Income Tax — Foreign Property Quarterly Imports & Supporting Report
BrightBooks now supports Excel-based quarterly imports for foreign property businesses across the full tax year. You can import Q2, Q3, and Q4 data directly from your bridging spreadsheet — the system automatically reconciles any changes made to prior-quarter figures at the same time, so your cumulative year-to-date totals stay accurate without manual adjustments. Each import is carried out on a per-property basis, with clear validation to ensure all properties are correctly registered before the import proceeds. If you have enabled simplified 3-line accounting for your foreign property business, the quarterly return supporting report now reflects this. The report displays a separate summary block for each property, showing rent income, foreign tax paid, consolidated expenses, and net profit or loss per property, followed by overall totals across all properties. You can view or print the report in either format — simplified 3-line or the standard detailed breakdown — depending on the method selected for that quarter. For more information, click here BrightBooks (UK)
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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.