Digital Tax Will Cost Landlords Time And Money In 2020


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Following the delay to the implementation of HMRC’s Making Tax Digital system, TheHouseShop.com have decided to investigate how much time and money this plan will cost landlords once it is implemented.

By 2020, most businesses, self-employed people and landlords, will be expected to submit quarterly self-assessment tax returns digitally to HMRC.

It will start with Income Tax in 2018 for businesses which will include landlords with an annual turnover above the VAT threshold of £83,000, and then subsequently it will roll out to all businesses, self-employed people and landlords with an annual turnover above £10,000 from 2019.

Read more here


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