Be aware of VAT bad debt relief
September 15, 2024
Despite the improving economy, bad debts are still a fact of life for many businesses. HMRC is aware that not all invoices are paid on
It is usual for a landlord to require a deposit from a tenant as security against damage to the property. This cannot be more than
Where a landlord makes a loss on their property rental business, the options for using that loss are limited. The rules depend on whether the
Landlords with furnished holiday lettings (FHLs) currently enjoy favourable tax advantages compared to those letting residential property on longer term lets. However, these advantages are
The remittance basis of tax is an optional tax treatment that allows individuals who are resident but not domiciled in the UK to pay tax
If it works correctly, the tax that is collected under PAYE will exactly match the tax that is due for the year. However, in practice,
Copyright © 2024 Pro-Taxman. All rights Reserved.