Jefferies Newsletter October 2018

Only 6 months to go until HMRC Making Tax Digital for VAT

If your business is VAT registered and your turnover is more than £85,000 you will be part of making tax digital from 1st April 2019.

We have a new VAT Notice 700/22 Making Tax Digital for VAT, this explains the rules.

It’s time to do your Self Assessment Return

What if you don’t have all the information you need for the return?

Returns which include provisional or estimated figures should be accepted provided they can be regarded as satisfying the filing requirement.

Service Accommodation is Booming

Serviced accommodation is fully furnished accommodation (generally apartments, flats or town houses) that is available for short-term stays (less than 90 days).

It offers travellers, business and tourists, flexibility, more choice and high-quality accommodation. It offers property investors an opportunity to develop higher returns when compared to the buy to let and HMO (Houses of Multiple Occupancy) returns on investment.

It’s Christmas lets donate to charity and save tax

In your Self Assessment tax return, you normally only report things from the previous tax year.

Download your free copy of our September 2018 newsletter here.