Property investments once again hit by new tax rules

In the last few years the property sector has been hit by a number of new tax rules, but now there are two new things on the horizon that landlords must consider. Rent-a-Room Scheme The current Rent-a-Room scheme offers people up to £7,500 a year tax-free from letting out a spare room. However, HM Revenue &… Read more…

Regulator tells banks to stop victim-blaming

The increasing sophistication of bank scams means that customers who lose money to such schemes should not automatically be blamed, the Financial Ombudsman Service has said. Caroline Wayman, Chief Ombudsman and Chief Executive of the Financial Ombudsman Service, said: “It’s not fair to automatically call a customer grossly negligent simply because they’ve fallen for a… Read more…

Overseas investors warned by top Midlands accountants about important tax compliance deadline

Award-winning Birmingham accountancy firm, Salhan Accountants, is calling on people with overseas investments and assets to declare them to HM Revenue & Customs (HMRC) under its new Requirement to Correct (RTC) regime. The deadline for submissions under the regime is just weeks away (30 September 2018) and Salhan Accountants are concerned that many individuals with… Read more…