Changing Frameworks for Landlords Much is changing in the taxation of property income - an additional 3% Land and Buildings Transaction Tax (formerly Stamp Duty) on buy to let properties, the abolition of the wear and tear allowance to be replaced by a new renewals basis and the restriction on relief on finance costs for [...]
Client B is a non-resident landlord who is also in receipt of a UK occupational pension which brings him into the UK tax system and because of this he is required to submit a Tax Return each year. In the (not so distant) past documents would have been sent by airmail from and to Client [...]
Client A is a commercial cleaning company working mainly in the new house building sector. Before a new homeowner takes possession, our clients are engaged to clean the property from top to bottom to ensure that it is in pristine condition. The company is VAT registered and employs six staff. Day to day bookkeeping is [...]
HMRC intends that Making Tax Digital will allow taxpayers to interact digitally by 2020. Each taxpayer will be provided with a Digital Tax Account into which information will be fed by third party software e.g. employers payroll software providing details of pay and tax deducted, from banks with details interest payments and from companies paying [...]
