HM Treasury have published an updated advisory notice on money laundering and terrorist financing controls in overseas jurisdictions. Money laundering and terrorist financing controls in overseas jurisdictions – advisory notice contains advice issued by HM Treasury about risks posed by unsatisfactory money laundering and terrorist financing controls. The Money Laundering, Terrorist Financing and Transfer of Funds (Information … Read more
From 1 March 2019 the time limit that individuals have to file a Stamp Duty Land Tax (SDLT) return and pay any tax due has been shortened from 30 days to 14 days According to HMRC shortening the time limit will improve efficiency and will not affect many individuals as the majority of returns are … Read more
The government is clamping down on abuse of rent-a-room relief with new rules on shared occupancy to ensure the tax relief is used for lodgers. Happening from April 2019 On personal tax, the new rent-a-room relief test will require the individual or individuals in receipt of rental income, to have shared occupancy of the residence … Read more