Should you register as a sole trader or form a limited company? Article by GoSimpleTax COVID-19 helped to push UK business start-up figures to new heights in 2020. According to the Centre for Entrepreneurs, annual year-on-year UK business formations in 2020 rocketed...
Key facts about tax for furnished holiday lettings owners Author GoSimpleTax The ongoing British “staycation boom” is welcome news for furnished holiday lettings (FHL) property owners throughout the UK. Although international travel restrictions brought by the...
Payment on account: What you need to know The 31 January is the deadline everyone knows about, you must file your tax return and pay any taxes due. However, if you have a self-assessment tax bill of more than £1,000 a payment on account may also be required. On 31...
Landlords must check that any prospective tenants and occupiers aged over 18 can legally rent residential property in England. From today, landlords must move from checking nationality to checking UK immigration status. This is because applications to the EU...
Changes to the mandatory right to rent checks which were introduced in response to the COVID-19 pandemic will now end on 31/08/2021, extended from 17/05/2021 and 21/06/2021. The further extension follows the government’s announcement on 14/06/2021 to extend the date...
In the UK, landlords are able to save tax by sharing the Personal Allowance of their lower-earning spouse. This way, they can maximise the total household’s take-home pay without falling foul of the taxman. However, there are strict rules. And it’s for this reason...
