Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am aware that, Digital Taxation is applicable to those Landlords whose turnover (Gross Rent) is in excess of £85000. So am I right in assuming that if you and your wife has rental income in excess of £170000 then Digital Taxation requirement will apply or is it £85000 in total?
Secondly there is some ambiguity in relation to the date, I have read conflating articles as to when this requirement is about to apply. As I understand that unincorporated landlords whose turnover is in excess of £85000 (each) will be required to do Digital Tax reporting from April 2018? if so, when would be first reporting, July 2018?
Any input will be greatly appreciated.
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