MTD income tax pilot extends to landlords

HMRC has expanded its voluntary Making Tax Digital (MTD) income tax pilot to include individual landlords with straightforward tax affairs. By extending the pilot, self-employed businesses can use software to manage their business records and send quarterly income tax...

Advisory fuel rates update

As of 1 June 2018, advisory fuel rates have been updated for employees' usage of company cars. The following rates are now in place for petrol and LPG-fuelled cars provided by your employer, while the previous rates can be used until 1 July 2018. Engine size Petrol -...

Government consults on IR35 for private sector reform

The government has launched a consultation on off-payroll working rules, known as IR35, for the private sector. It follows the reforms to IR35 in the public sector, which were introduced in April 2017 and intended to stop work that HMRC regarded as "disguised...

P11D filing deadline edges closer

Employers have 2 months to report employee benefits and expenses ahead of the 6 July 2018 deadline. At the end of the tax year, employers are required to report any taxable benefits given to staff over the previous 12 months that have not been deducted through...

Smaller landlords feel the sting of tax changes

The number of landlords with smaller portfolios has decreased, following tax changes in the buy-to-let sector. Research by Paragon found that the proportion of landlords with 3 to 5 properties down from 26% to 24% at the end of 2017. This contrasted with rising...
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