One solution for FHL and MTD
Review your processes and streamline your bookkeeping and reporting with Hammock.
Hammock helps you streamline finances for your Furnished Holiday Lets (FHLs) and prepares you for upcoming tax changes. Prepare for the transition from the FHL tax regime and keep on top of income and expenses for your holiday rentals.
The requirements for the days of availability and occupancy of Furnished Holiday Lets demand active monitoring and may trigger changes across the bookkeeping records, depending on whether they are met.
Identifying the single payments making up the total of the lump sums received from booking platforms can be a challenging admin task, especially when payments are received a few days or weeks after the guests leave.
The quarterly filings required by MTD will add pressure to have clear visibility at all times on rental income and expenses.
Allocating the right amounts from expenses across different properties can be a daunting task in itself. Add extraordinary cleaning, maintenance and repairs into the mix and it all quickly becomes hard to control with spreadsheets.
Hammock calculates the occupancy of each property as FHL and allows us to adjust your bookkeeping according to the progress with these thresholds.
Hammock allows you to split transactions across properties and tenancies (if needed). You can include any adjustments or deductions.
Hammock is the first landlord software recognised by HMRC as compatible with MTD.
Hammock’s automated bookkeeping categorises recurring transactions. Expenses can be split across properties and tenancies and pro-rated based on the respective amounts.
Get ready for the two big upcoming tax changes for Furnished Holiday Lets. Hammock will help you transition from the FHL tax regime and get ready for MTD at the same time.
Review your processes and streamline your bookkeeping and reporting with Hammock.
Attach receipts to transactions and get notifications on the go
Choose the plan that best fits your needs. Our pricing options are designed to offer flexibility and value for businesses of all sizes.
Save 20% with annual billing
Save 20% with annual billing
Save 20% with annual billing
Save 20% with annual billing
Yes, Hammock allows you to allocate the right amount to the respective properties and guests.
Hammock allows you to manage the FHL thresholds until April 2025 and then seamlessly transition towards the launch of Making Tax Digital.
Yes, Hammock works with all tenancies, including standard AST, HMO and student let.
Hammock is the first landlord software recognised by HMRC as compatible with Making Tax Digital. You can find us on the official list here.
