8:22 AM, 1st March 2020, About 2 years ago 10
I know Property118 likes a campaign every now and again, well how about this for the next one? Like many others, I’ve gone down the limited company route. When it came to filing my tax comps and statutory accounts online using the HMRC software, I was asked a series of questions.
When I answered “Do you have property income over £5,200” I was met with a message saying I had to use third party software and couldn’t use their system.
This added a level of complexity to say the least – and of course extra time and cost.
I spoke to a tax inspector who agreed the rule was crazy, but that the only way to get it changed would be for people to highlight it enough for it to get raised at the appropriate level.
Any chance you can use your powers please?
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