“Even if you are on the right track, you’ll get run over if you just sit there.” Will Rogers
29 September 2022
Furnished Holiday Let income will be subject to VAT if your total income exceeds £85,000. Don’t forget that total income takes into account income from other businesses operated by the same person or persons. The income from property that qualifies as UK holiday accommodation will be standard rated for VAT. This assumes that the property
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them.
Well, it has been an interesting couple of weeks. I should have been at a Tax Conference in Cambridge, but it was overtaken by the events of the last few days and cancelled. I am told that I will get my money refunded but I will still be considerably out of pocket. However, nothing is