Agents Charges for providing information to HMRC ?

Agents Charges for providing information to HMRC ?

13:39 PM, 19th September 2016, About 5 years ago 14

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Have any other members been charged by their agent for providing information to HMRC when their accounts do not provide the name of the managing agent to the HMRChmrc

I feel I may be being conned as I aware of another customer of the same agent who challenged a similar charge being refunded.

Many thanks



by Romain Garcin

10:31 AM, 20th September 2016, About 5 years ago

Reply to the comment left by "Adrian Jones" at "20/09/2016 - 09:49":

If HMRC sends a statutory notice to a letting agent then the agent has a legal duty to provide the information of face a fine.

This has nothing to do with the agent's clients.

Frankly, in my view trying to charge clients for this is the same as trying to charge clients because you have to fill a tax return or company accounts.

by Steve From Leicester

11:10 AM, 20th September 2016, About 5 years ago

I agree with Romain's comment above.

This is one of the agents overheads, it is not an extra service which the agent is providing to the landlord.

For that reason I do not specify a separate additional cost for it. Along with all my other business overheads, I pay it from the regular fees I charge my clients.

If I've set those fees correctly there will be enough money to cover these overheads and have some left over. I call this last bit "profit".

by Yvonne Francis

18:42 PM, 20th September 2016, About 5 years ago

Reply to the comment left by "Adrian Jones" at "20/09/2016 - 10:24":

I too agree with Romain that these charges needs to be agree to by Landlords, through the contract which Mark advised Gordon to look at. However you said "So what if the Landlord refuses to agree the charge" but you do not qualify on what grounds and it looks as if you mean the Landlord can simply refuse to pay. I'm sorry if I have misunderstood anything but my point is that the agent has the ability with very little trouble to take his charges from the rent. Many years ago when I used agents this was frequently the case, not that I remember it for this issue, but for other issues.

by Rob Crawford

20:50 PM, 24th September 2016, About 5 years ago

A terms of business will normally include an admin rate where this work will be charged against. Agents only need to provide this data if requested to do so. So why would it be included in the agents overhead? An agent should not be expected to erode their profit because HMRC introduce a new requirement. If it takes time to generate a report it needs funding!

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