You could be a landlord even if you don’t think of yourself as one! This could be because you’ve: Inherited a property, rented out a flat to cover mortgage payments or moved in with someone and need to rent out your house. There are many different examples of how you may be a landlord. This…Details
From September 2017, HMRC will make it a requirement for all businesses using their online tax accounts to register for 2 Step Verification (2SV). This will ensure greater security for customers when using HMRC’s online services. From September, as well as a User ID or password, something you ‘have’ will be added in such as…Details
A property landlord who failed to declare Capital Gains Tax from the sale of properties evading £157,725 has been jailed for two years and three months. An investigation by HMRC revealed that between 2006 and 2013, the landlord did not declare profit gained from selling properties. Capital gains tax is an area where HMRC are…Details
HMRC have just launched a new online tax forum and dedicated web chat service for small businesses and the self-employed. The new forum is a quick and easy way for small businesses to get answers to their tax questions. The forum can also help with; starting a business; support for growing a business; buying and…Details
The Supreme Court ruled last week that the Government had been acting unlawfully when it introduced tribunal fees four years ago. As a result, the controversial fees have been scrapped meaning that anyone who has been treated illegally or unfairly at work will no longer have to pay to take their employers to court. The…Details
HMRC has today announced significant changes to the roll-out of its Making Tax Digital scheme, which was due to go live from April 2018. The scope and timetable have now been pared back following feedback and concerns about the broad scope and short timescales from parliamentary bodies, businesses, the accounting profession and software companies, including…Details
An ex-HMRC employee has been sentenced to two years in prison, suspended for two years for lying on her tax credits claims to steal more than £56,000. Investigators found that the employee had overstated costs of childcare for seven years as well as under-declaring her household income that she had received.
Be aware of a new phishing scam that is currently going around. If you get an email with the subject ‘Your 2016 Tax Report’ with an attachment, make sure you do not open it.
If you receive an email like this, forward it to email@example.com and then delete it.
On April 1st 2017 the national minimum wage for different age ranges changed. These changes were: Adults (25+) from £7.20 to £7.50 Adults (21-24) from £6.95 to £7.05 18-20 Year olds from £5.55 to £5.60 Under 18s from £4.00 to £4.05 Apprentice rate from £3.40 to £3.50 Don’t forget to make sure that salaried staff…Details
Congratulations to our competition winner Beckie Dyer who I presented with the bottle of Lanson champagne at the weekend. Beckie’s guess was the closest with just under 2000 self assessment tax returns been submitted on Christmas Day -this was a shock result as the number has actually gone down for the first time that I…Details
Thank you to Nick Carter from Edward Carters for recently recommending Marslands to a Plymouth landlord. Enjoy the wine!