How to claim relief for excess interest
Landlords running an unincorporated property business obtain relief for excess interest and finance costs incurred in relation to residential lets (including holiday lets) as a …
Capital expenditure and the cash basis
The cash basis is the default basis of accounts preparation for landlords with annual rental income of £150,000 or less running unincorporated property businesses. Under …
Passing on the investment property
A landlord will need to consider whether it is better to pass on an investment property during their lifetime or on their death. Here, we …
Simple assessments – What are they?
In the last few months, some taxpayers who possibly have had no dealings with HMRC previously have been receiving letters headed ‘Simple Assessments’. The letters …
When an incomplete VAT invoice is issued
VAT-registered businesses can generally reclaim VAT invoice on goods and services purchased for business purposes. However, for a claim to succeed HMRC requires valid evidence …
Registering late for self-employment – The tax implications
Having made the big decision to start a self-employment business, there will be countless decisions and administrative tasks to attend to. Informing HMRC of the …
Self-Assessment after bankruptcy
Self-Assessment after bankruptcy where a taxpayer has been made bankrupt, their Unique Taxpayer Reference (UTR) expires at the end of the tax year in which …
Contacting HMRC
A taxpayer may need contacting HMRC if they have a query about their tax affairs. There are various ways in which this can be done. …
Temporary reduction in VAT on children’s meals and certain attractions
On 21 May 2026, the Chancellor announced a temporary reduction in VAT applied to children’s meals and admission to certain attractions. It does not apply …
July payment on account and what to do if you need to reduce it
Taxpayers within Self-Assessment must make payments on account towards their next tax and Class 4 National Insurance bill if the tax that they owed for …
Contact from HMRC – Is it genuine?
HMRC use a range of communication methods, as do fraudsters. Consequently, it can be difficult to be certain that a call, email, letter or text …
Cash basis for landlords
As for unincorporated trading businesses, the cash basis is the default basis of accounts preparation for landlords running an unincorporated property business. However, unlike traders, …
