Surely I am not the only landlord worried about new EPC requirements?9:44 AM, 17th February 2021
About 2 weeks ago 125
The government department Office of Tax Simplification (OTS) is seeking views on tax reporting and payment arrangements for self employed people and landlords of residential property owned in their personal names (not for company owned property) to inform its work. The consultation closes
the OTS published a document setting out the scope of a project looking at the practical tax reporting and payment arrangements for self employed people and landlords of residential property. The OTS has produced two short online surveys to gather information about people’s experience and views on the current system and potential areas of improvement. All responses will be anonymous
Have your say and complete the Survey for landlords click here.
The OTS would like to hear from anyone who receives residential property income, and submits an annual self assessment return (rather than those who hold property through a company).
The OTS is the independent adviser to government on tax simplification, challenging tax complexity to help all users of the tax system; it does not implement changes – these are a matter for government and for Parliament. The OTS works to improve the experience of all who interact with the tax system. It aims to reduce the administrative burden – which is what people encounter in practice – as well as simplifying the rules. Simplification of the technical and administrative aspects of tax are each important, both to taxpayers and HMRC.
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