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Increased Housing Benefit will soon be wiped out – warning

by peter littlewood | Dec 10, 2023 | Tax & Other Financial

Concerns are being raised about the temporary nature of the increase, with the LHA set to be frozen again in 2025. Here are the key points from an article in the Big Issue: LHA Rate Increase: Chancellor Jeremy Hunt raised local housing allowance (LHA) rates in...

Landlord loses £38k calls for more protection.

by peter littlewood | Dec 10, 2023 | Industry News

The Lancashire Telegraph is reporting the case of a landlord.  The article can be read in full here, and outlines the case of a former landlord, Mr. Parkinson, who faced challenges with a tenant refusing to move out, resulting in financial losses and property damage....

HMRC publishes top 5 questions from its helpline

by peter littlewood | Dec 10, 2023 | Tax & Other Financial

HM Revenue and Customs (HMRC) has provided answers to the top five questions asked on the Self Assessment helpline: Do I need to fill in a tax return? Customers can use the online tool to check if they need to complete a tax return. By answering a few simple...

Warning – do you own property through an offshore company?

by peter littlewood | Dec 10, 2023 | Tax & Other Financial

According to a Financial Times report, the UK has issued more than 120 financial penalties to offshore companies for failing to comply with transparency legislation aimed at revealing illicit wealth hidden in the UK property market. The Register of Overseas Entities...

HMRC to restrict access to its helpline

by peter littlewood | Dec 10, 2023 | Tax & Other Financial

The Financial Times has reported that the HMRC helpline is to be restricted during busy time.  The article can be seen here (subscription may be necessary), and in summary says: The UK’s HM Revenue & Customs (HMRC) has announced that it will restrict access...
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