Problems with holiday lets

Problems with holiday lets

Landlords of furnished holiday accommodation qualify for tax breaks if their property is available for short term lettings for at least 210 days a year and is actually let for 105 days in the year. Longer lets out of season are permitted but these must not exceed 155...
How to reduce your January tax bill

How to reduce your January tax bill

Whitley Stimpson share some useful tips on decreasing your January tax payments with Wise Investment. With the deadline for filing your self assessment tax return fast approaching, we teamed up with local wealth management and financial planning business Wise...
Calling all clients……if HMRC write to you, please let us know

Calling all clients……if HMRC write to you, please let us know

With resources stretched at HMRC at the best of times, but even more so currently, they are writing ‘nudge letters’ to taxpayers to encourage them to check their returns, but the copy that’s sent to tax advisors doesn’t necessarily tell us who they have written to.

Nudging to correct the tax return

Nudging to correct the tax return

HMRC uses data from many sources such as banks, land registries, and Companies House to cross-check information reported on self assessment tax returns. If HMRC’s computer finds a mismatch between the third party data and your 2018-19 tax return you may receive a letter asking you to review your return.