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Have You Reported Your Rental Income?
HMRC Is Closely Watching And Uses its Powers to:
With the New Changes in Place and Making Tax Digital (MTD),
Please contact us if you already reported your income to HMRC and you think you under-declared your income and we will bring your taxes up to date with least penalties and surcharges.
You will always be at advantage and will incur lower penalties if you come forward and bring your tax affairs up to date
If the understatement or income reported to HMRC is not corrected and HMRC finds out, it can be treated as deliberate and can lead to a criminal investigation.
The introduction of new ‘Income Thresholds’ and changes to legislation suggest HMRC’s seriousness in taxing the property sector.
New changes include:
Your Information Is Dealt With Strict Confidence. Contact us for all of your Accounting, Management & Taxation needs.
Trusted accountants, fixed fees and professional services.
06 Apr 2021
The government is to extend business rates relief with a £1.5 billion fund targeted at those businesses unable to benefit from the current COVID-19 support.