Making Tax Digital for VAT-registered businesses

Obligations from 1 April 2019 onwards Although the Making Tax Digital (MTD) regime has suffered several setbacks and delays, MTD for VAT remains on course to take effect from its planned implementation date of 1 April 2019. Under the scheme, VAT-registered businesses are required to maintain digital records, complete the VAT return from the digital[…]

Furnished holiday lettings

The pros and cons of letting furnished holiday accommodation When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from certain tax reliefs which wouldn’t otherwise be available to residential landlords, providing certain conditions are met. However, there are also several disadvantages associated with letting property as holiday[…]