Furnished holiday lettings
When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from tax reliefs which wouldn’t otherwise be available to residential landlords. However, there are also associated disadvantages. Read our update to see the pros and cons of letting furnished holiday accommodation.
MTD for VAT-registered businesses
Although Making Tax Digital (MTD) has suffered delays, MTD for VAT remains on course to take effect from 1 April 2019. Under the scheme, VAT-registered businesses are required to maintain digital records and submit the VAT return to HMRC electronically. Read our update for the obligations from 1 April 2019 onwards.