Statutory filing for BTL companies – £100 software required by HMRC?Make Text Bigger
I previously bought my BTL properties in my own name. With the allowable interest changes I’ve bought the last couple in a limited company, set up for the purpose, for the obvious tax benefit reasons.
It’s time to file my first statutory accounts/tax computations with Companies House and HMRC. When doing the joint filing you’re asked a series of questions including whether the company had income from property over £5,200. When you say yes, you’re then told you cannot file directly, and are instead directed to a list of approved software providers. It seems you cannot file combined statutory accounts and tax return in one go using the HMRC system (as I do for other “normal” companies I run).
The software seems to cost over £100 and adds a level of complexity and cost that I wasn’t expecting. Has anyone found a way around this? Or is it better using a professional firm? I’m a chartered accountant and familiar with accounts but this is getting seriously hard work!
Any help appreciated.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.