The South Wales Argus covers the upcoming Gwent Landlord Forum. Landlords from across Gwent and South East Wales will be updated at the next Gwent Landlord Forum on recent changes to the upcoming budget from the Chancellor of the Exchequer as well as the legislation on the private rented sector. The next forum will take … Continue reading Landlords Kept up to Date in the Wake of the Budget
HMRC have backed down in a landmark case that has been ongoing for the past 18 months. The case related to the payment of VAT on advice fees for Birmingham based Barnett Ravenscroft Wealth Management. The case was opened when the firm asked for a £462,528 VAT repayment, relating to fees which it was charging … Continue reading HMRC Back down in VAT on Advice Fees Case
On Thursday 30 November 2017, between 9am and 4.45pm, we will be exhibiting at the Future Renting Wales Conference at the Jury's Inn, Cardiff. Future Renting Wales is a new, national one day conference for the private rented sector. Private renting in Wales is undergoing massive change. Landlord registration and agent and landlord licensing were … Continue reading RLA Conference – Future Renting Wales
Yesterday, the Chancellor announced his second Budget of 2017. Among the key changes to note for this year are: The personal allowance will rise to £11,850 and the higher rate tax threshold for the UK will rise to £46,350 for 2018/19. Automatic enrolment pension minimum contributions increase significantly from 6 April 2018. Employer’s minimum contribution … Continue reading Autumn Budget 2017: What you need to know
For some taxpayers HMRC hold all the data required to finalise their annual tax calculations, so instead of requesting a tax return from these individuals, HMRC will now issue a simple assessment. This new system commenced in September, applying currently to new state pensioners with income exceeding their personal allowance and PAYE taxpayers who have underpaid tax that cannot … Continue reading Simple Assessments to Replace Tax Returns for Simple Cases
In the recent case of Scott Building Contractors Ltd v HMRC, the taxpayer appealed the late filing penalties imposed by HMRC on the basis that they had not one, but multiple reasons for filing their CIS returns late. The director of the appellant company cited family reasons, a burglary and mental health problems. In addition, … Continue reading Appeal Success for Contractor
Since September 2017, medium sized businesses have been able to ask for the assistance of a specialist at HMRC to help them as they expand. Under the scheme, businesses with a turnover of more than £10 million or with more than 20 employees, who are looking to increase turnover or expand their business, will be … Continue reading Extra HMRC Help for Mid-Sized Businesses
Our latest newsletter is here, packed with information on dividend changes, Making Tax Digital, auto enrolment and much more! To view our latest newsletters, visit the publications section of our website. Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.
We would like to invite you to join us at our second Landlord Forum of the 2017/18 season taking place on Tuesday 28 November between 6pm and 8pm at the Parkway Hotel in Cwmbran. As always, our invitation goes out to all who may be interested in attending this FREE event. So if you know … Continue reading Gwent Landlord Forum – 28 November 2017
HMRC have released new guidance detailing examples of tax errors that landlords make. It focuses on scenarios where people become landlords but, for various reasons, are unaware of their tax obligations. Ten common reasons for people becoming ‘unintentional’ landlords have been identified, along with real life examples of each. These include: renting out a house … Continue reading Would HMRC Consider You a Landlord?