Non-Resident Landlords – UK Tax Update

Non-Resident Landlords – A UK Tax Update In the face of continuing budgetary pressure on the UK Treasury, HM Revenue & Customs (HMRC) is continuing its drive to collect the right amount of tax owed by non-residents on UK property letting income. Income tax payable on UK property income If you are a non-resident of […]
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Remittance Basis Charge increase for Non Doms

Remittance Basis Charge Increase for Non-Domiciled The Remittance Basis Charge (RBC) is an annual tax charge paid by non-domiciled individuals who wish to continue claiming the remittance basis of taxation once they have been UK tax resident for a number of years.  By claiming the remittance basis, non-UK sources of income/gain are only liable to […]
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Self Assessment Penalties for Tax Year Ended 5 April 2014

Self Assessment Penalties for Tax Year Ended 5 April 2014 Self-assessment tax returns (form SA100) for the year ended 5 April 2014 need to be submitted to H M Revenue & Customs (HMRC) no later 31 January 2015. The returns will need to be filed electronically as the date for submitting returns in paper copy […]
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HMRC Task Force Targets South West Property Owners

HMRC Task Force Targets South West Property Owners HM Revenue & Customs (HMRC) is turning its attention to those in the south-west of England and south Wales who sell and/or rent out properties. The HMRC task force will use data from the Valuation Office Agency (an executive agency of HMRC) to target tax dodgers and […]
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