mortgage Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/mortgage/ Chartered Accountants & Business Advisors Mon, 09 Jan 2023 14:43:40 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg mortgage Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/mortgage/ 32 32 January 2023 https://www.wrloaccountants.co.uk/january-2023/ Mon, 09 Jan 2023 14:41:37 +0000 https://www.wrloaccountants.co.uk/?p=3746 In this month’s Enews we consider the delays to the next stages of Making Tax Digital and the impact of the pandemic on tax compliance. We also update you on the government’s mortgage guarantee scheme and the latest developments in the UK economy. With news on freeports and financial sector reforms, there is a lot to update you on. MTD for ITSA delayed for two more years Tax non-compliance during pandemic cost UK £9 billion Government extends mortgage guarantee scheme Chancellor announces Spring Budget date Bank of England raises base rate to 3.5% Brexit deal not delivering for businesses Plymouth and South Devon freeport gets go ahead Chancellor launches financial sector reforms MTD for ITSA delayed for two more years The Treasury has announced that Making Tax Digital for income tax self assessment (MTD for ITSA) will be delayed for two more years until April 2026. MTD for ITSA was due to take effect from April 2024 and would have required all self-employed individuals and landlords with income over £10,000 to report earnings quarterly through the MTD for ITSA system. However, in a Written Statement, Victoria Atkins, Financial Secretary to the Treasury, confirmed that the mandation of MTD for ITSA will […]

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]]> May 2021 https://www.wrloaccountants.co.uk/may-2021/ Tue, 04 May 2021 17:24:35 +0000 https://www.wrloaccountants.co.uk/?p=3411 In this month’s Enews we consider the opening of the latest SEISS grant to applicants, the launch of the government’s latest loan scheme aimed at supporting COVID-hit businesses and the introduction of state-backed 95% mortgages for first-time buyers. With guidance on tax relief for home workers, a call for the extension of the Kickstart scheme and pension fraud increases there is a lot to update you on. Fourth self-employed grant now open for online applications Recovery Loan Scheme opens to businesses Recent changes to IR35 ‘undermine the self-employed’, says IPSE CBI calls for extension of Kickstart Scheme as jobs market remains subdued New 95% mortgage scheme launched New claims required for home working tax relief HMRC sets out penalty regime for SEISS abuse Pension fraud increased to £1.8 million in first quarter of 2021 Fourth self-employed grant now open for online applications On 21 April, the online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant was opened for claims, HMRC confirmed. All applications must be submitted by the individual self-employed worker and cannot be handled by accountants or tax advisers. The fourth grant will be 80% of three months’ average trading profits, to be claimed from […]

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