Taxpayers receiving property financing tax relief ‘nudge letters’ from HMRC Many landlords have received a letter in the last few weeks from HMRC who appear to be undertaking a campaign querying the tax relief claimed in the 2019/20 tax returns in respect of financing costs on let residential property. The letter asks the taxpayer to
Operators of Furnished Holiday Lettings businesses will have been affected by restrictions during the Covid-19 pandemic, but all is not necessarily lost says Saffery Champness The pandemic has clearly impacted the UK’s tourism sector heavily, including many Furnished Holiday Let (FHL) businesses, which were forced to close for a large part of the 2020 holiday
Saffery Champness Chartered Accountants welcomed local business from across Dorset and Hampshire to an event entitled, ‘Back to the Future’. Held at AFC Bournemouth’s Vitality Stadium it included breakfast and networking, followed by a seminar with presentations from Saffery staff. Opening the event, Head of Bournemouth Office and Partner Roger Wareham gave an update on
The announcements made by Government yesterday on their first Tax Day lacked anything particularly significant, with many of the expected matters overlooked or pushed back further. More than 30 tax updates, consultations and documents were published, in a move to strengthen policymaking, modernise the UK tax system and further tackle tax avoidance. Much of this
With many employees now working all or at least part of their time from home, the lasting legacy of Coronavirus may be more permanent home working arrangements for many. As a result of home working, employees are likely to incur additional household expenses, as well as needing equipment to enable them to work from home
