The government’s Making Tax Digital (MTD) initiative is set to transform how millions of people manage their tax affairs. According to recent reports, up to three million individuals may soon be required to comply with MTD Compliance rules, expanding the scope beyond businesses and landlords. This move highlights the UK’s ongoing efforts to modernise the...
The UK’s tax authority, HMRC, has recently intensified its scrutiny of companies owning residential property. This move aims to ensure compliance with tax regulations, particularly regarding Annual Tax on Enveloped Dwellings (ATED) and Capital Gains Tax (CGT) obligations. Property – owning companies must now ensure their tax affairs are in order to avoid penalties. ...
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Copyright by CareAccountancy. All rights reserved.
