Delay to Making Tax Digital?
January 16, 2017
The Treasury Committee, chaired by Conservative MP Andrew Tyrie, has suggested a delay in the implementation of Making Tax Digital "until at least 2019/20, possibly later".
Is the Let Property Campaign suitable for you?
November 7, 2016
HMRC run various campaigns designed to encourage individuals to get their tax affairs up-to-date, in return for more favourable settlement terms. One such campaign is the ‘Let Property Campaign’ (LPC).
Are you a ‘relevant data-holder’ as far as rent and other payments arising out of land are concerned?
October 10, 2016
If you are a relevant data-holder as far as rent and other payments arising out of land are concerned you may become subject to a notice under Para 1 Schedule 23 of Finance Act 2011!
Is Stamp Duty holding back your incorporation?
September 6, 2016
Stamp Duty has always been the poor relation when it comes to considering whether to convert a residential property letting business into a limited company or not.
Stamp Duty Land Tax – shortening of filing deadlines
August 25, 2016
The 2015 Autumn Statement introduced a possibility of reducing the timescale between selling a property and paying the associated Stamp Duty Land Tax, and that day is ever closer.
Tax in the 21st century
August 19, 2016
HMRC have recently published several consultation documents on the Making Tax Digital strategy that was initially announced within the 2015 Budget.
Annual Returns are out…the new Annual Confirmation Statement is coming in!
June 9, 2016
At the end of the month the Annual Return, which companies are currently required to file with Companies House, is being replaced by a slightly more detailed Annual Confirmation Statement. Make sure you are prepared for the changes this will bring.
Late RTI penalty scheme to remain until April 2017
June 2, 2016
It has come to our attention that following a review by HMRC, the existing penalty scheme under Real Time Information (RTI) has been extended to April 2017.
Do we need P11d’s produced?
May 25, 2016
Finance Act 2015 s11 introduced a new Chapter 7A into ITEPA 2003, which now exempts amounts needing to be input onto the P11d of an employee, if those amounts would otherwise have been deductible. However, there is one exception...