by guildy | 9 Jan 2018 | News, Tax & VAT
The annual tax filing countdown is underway for landlords – and many are confused about if they are running a business or investing in property. HM Revenue & Customs is unhelpful – they say file a tax return and we’ll check for errors rather than giving upfront...
by guildy | 10 Dec 2015 | News, Tax & VAT
Landlords earning more than £10,000 a year are likely to have to make quarterly tax returns under Chancellor George Osborne’s new digital future for HM Revenue & Customs (HMRC). The proposal is landlord will have to report their income and expenses every three...
by guildy | 3 Dec 2015 | News, Tax & VAT
The tax man has signalled a new tougher regime for landlords who fail to declare their rental income. One of HM Revenue & Customs (HMRC) chief fraud investigators has warned any landlord evading tax will face prosecution. Tax investigations are also likely to...
by guildy | 20 Nov 2015 | News, Tax & VAT
How to deal with business expenses is one of the biggest financial headaches for landlords, says a report. Landlords just do not know the difference between a legitimate business expense and one that is not, claim 53% of accountants polled by online software firm...
by guildy | 10 Nov 2015 | News, Tax & VAT
As the landlord tax season counts down to the January 31, 2016 filing date, HM Revenue & Customs (HMRC) has published a guide to self-assessment for property investors. HMRC wants to remind landlords that tax is due on any profits made from letting property. The...
by guildy | 5 Jan 2015 | Tax & VAT
Some time ago, HMRC contacted us and provided details of some e-learning products and webinars they provide for landlords and self employed persons. At first glance, they seem to be quite impressive and helpful. There are a number of offerings including live...