Many landlords are still to register for digital tax
Hundreds of thousands of UK taxpayers, including landlords, have not registered for the HMRC’s Making Tax Digital (MTD) in time. The Association of Chartered Certified Accountants (ACCA) says some 400,000 taxpayers, including sole traders and landlords, have missed the deadline of Friday, August 7. Data from HMRC shows that just over 400,000 of the 850,000 mandated taxpayers […]
HMRC urged to improve awareness of processes among landlords
The HMRC should improve awareness among landlords about how and when they need to register with HMRC, rather than opt for an alternative plan to change when they register to pay income tax, according to the Chartered Institute of Taxation (CIOT). Currently, a landlord is required to give notice to HMRC of their liability for […]