Making Tax Digital – How to sign up! We recommend you do this before your next VAT return is due by at least one month in case you hit any problems! What you will need Details to access your HMRC VAT login (if you have one) Your UTR number for the business Access to your…Details
A couple approached us about their 12 years unpaid rental income. They were professionals who pay their tax through PAYE and have an estate agent who manages their property. They wrongly assumed that the estate agent dealt with the tax for them. HMRC issued the wife with a “Let Property Campaign” letter but her husband…Details
We were contacted by a young landlord with 5 years undeclared rental income. She inherited the property and had continued to rent it to the current tenants. Being naive she didn’t realise that this income was taxable! After a conversation with a friend she suddenly realised that rental income is taxable and began to panic!…Details
A landlord contacted us after receiving a letter from HMRC about undeclared rental income for the last 3 years. The letter worried them as it gave them 30 days to respond. They tried to deal with it themselves by registering for self assessment but found it all too complicated and were unsure what to do…Details
On 1st April 2019 the national minimum wage for different age ranges will change. This will mean that you may need to change the wages of your employees or may be entitled to a wage rise. These changes will be: Adults (25+) from £7.83 to £8.21 Adults (21-24) from £7.38 to £7.70 18-20 Year olds from…Details
From 6th April 2019, pension contribution rates have increased for any employee who is in a pension scheme. The minimum contribution rates have changed to: Employer minimum contribution from 2% to 3% Employee minimum contribution from 3% to 5% By law, any employer with a pension scheme must meet these minimum contributions. To find out…Details
If you are VAT registered with a turnover over £85,000, you will need to register for Making Tax Digital from the first VAT return starting after 1st April 2019. For most of our clients, this will be the period ending 30th June 2019 which will be due on 7th August 2019. It seems that HMRC’s…Details
Have you or your partner recently received one of these letters? If so, you only have 30 days to respond to this! If you have a joint property but only one of you has received a letter you will both still need to declare your income. Here at Marslands we can help you come forward…Details
Recently we were described as marvellous by a landlord who didn’t declare their rental income. They initially thought they would owe £10,000 in tax. We got this reduced to just over £100!
If you are a landlord who needs to declare previous rental income, contact us on 01752 344 582 or email email@example.com.
Have you recently received a letter from HMRC about undeclared rental income? If so you will have 30 days to respond to this! Don’t panic, we help lots of landlords to declare their rental income from previous years. We will reduce the amount of tax owed to as little as possible! If you need our…Details
HMRC continue to follow up on landlords who are not declaring their rental property. This year we have already had several enquiries from landlords who have received a letter from HMRC about their missing income! If you receive a letter you only have 30 days to reply to their letter. If you know any landlords…Details
Recently we were described as “marvellous” by a landlord who hadn’t declared their rental income. They initially thought they would owe £10,000 in tax. We got this reduced to just over £100!
If you are a landlord who needs to declare previous rental income, contact us on 01752 344582 or email firstname.lastname@example.org.