Common Landlords’ Tax errors

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HMRC Publish example of common Landlord errors on their website as below:-
Don’t make a mistake with your rental property or forget to declare it!
See what HMRC think of mistakes commonly made below that arise from many family circumstances :-

Moving in together

Beena moved into her partner’s flat several years ago, and decided to rent out her own property ...

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Investigations under Code of Practice 8

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HMRC uses it’s Code of Practice 8 (COP8) in case where it suspects that large amounts of tax have been underpaid as a result of complex tax arrangements or tax avoidance schemes which have been implemented by a large number of taxpayers. 

These cases are worked by specialist HMRC counter avoidance teams experienced in Tax Avoidance Schemes like Film schemes , offshore trust arrangements etc  and these do not normally involve a suspicion of serious tax or ...

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Deadline 31/3/18

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Are you in a Disguised Remuneration tax avoidance scheme or Contractor Loan Arrangement and now seeking to exit and settle your UK tax affairs once and for all?

  • These can be Employee Benefit Trusts (EBTs), Employer Financed Retirement Benefit Schemes (EFRBS) or Contractor loans.

HMRC have some favourable terms for settlement but time is running out and you need to register fast by 31/3/18

Some of the new terms affecting you ...

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Petplan Dog and Cat breeders – the next tranch of tax enquiries continues

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HMRC continue to route out those breeding dogs or cats their own homes and from the many dozens of cases that I’ve seen, none of them are the puppy farmers that this government is seeking to abolish!

Those breeding kittens of a high pedigree and showing them across the country are being hit hard by HMRC who seek to deny any costs and travel for the showing aspect. The showing is ...

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