From 6 April 2020, Non-UK resident companies including those who invest in UK property through collective investment vehicles will pay Corporation Tax instead of Income Tax on profits from UK property. This will not apply to you if you: – Have tax deducted under the Non-resident Landlord Scheme and are not required to file a
HMRC Archives - Martax Accountants
February 13, 2020
February 6, 2020
Changes in the rules in relation to disposal of residential property by non-residents
From 6 April 2020 UK residents who sell a residential property that gives rise to a capital gains tax (CGT) liability must send a new standalone online return to HMRC and pay the tax due within 30 days of completion of the sale. The new filing and payment time frame is different from the current
March 21, 2019
HMRC reveals MTD registration takes seven working days
HM Revenue & Customs (HMRC) has warned that registration for Making Tax Digital (MTD) for VAT will take up to seven days to complete and will not be a real-time service.
March 7, 2019
Government announces consultation for plans to make HMRC a preferential creditor
The Government has announced details of the first public consultation on its plans to make HM Revenue & Customs (HMRC) a secondary preferential creditor for certain tax debts which are paid by employees and customers after the insolvency of a business.
February 7, 2019
HMRC takes new measures to toughen stance on debt recovery
HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial year.
January 3, 2019
HMRC issue reminder over Self-Assessment tax returns
HM Revenue and Customs (HMRC) have issued a reminder that taxpayers have less than a month left to complete and submit their Self-Assessment tax returns.
December 6, 2018
HMRC urging businesses to prepare for potential no-deal Brexit
Ahead of Britain’s upcoming departure from the European Union (EU), HM Revenue & Customs (HMRC) is warning businesses about the necessary steps they need to take to prepare for the unlikely event of a no-deal Brexit.