Former Grant Thornton tax director Mike Warburton writes in the Telegraph on how, under “Making Tax Digital” rules, landlords will be required to keep digital records from 2024. He notes a recent survey showing too many of those affected are unaware of the changes. Over a third anticipate difficulty with the software required; only 17% currently use software to keep records. Pointing to this lack of preparedness, the Chartered Institute of Taxation and the Association of Taxation Technicians are calling on HMRC to increase their publicity on MTD for income tax.
Read more: The Daily Telegraph
Visit Our Website Here To Apply & Learn More
The team at Sardison Capital have been helping business owners to raise finance for over 10 years. So if you're interested in learning more about your options, get in touch with the team today to see how we can help you.
Explore Your Finance Options Here.
Visit our website for more news and product information, or click the button below to submit a short enquiry form for your finance needs.