Helpful Tips Victoria Barker 06/01/2021

Self-assessment tax deadline fast approaching

Landlords are reminded that the deadline to file their self-assessment tax returns is fast approaching. The self-assessment tax return deadline is 31st January, and ahead of this date, we wanted to remind members that there is guidance on our website for landlords covering how to complete self-assessments.

HMRC recently announced that those who file late will not receive a penalty, provided their return is submitted by 28 February. This is to account for the impact of the pandemic.

In addition to this, HMRC has also produced a series of videos containing advice on completing the tax return, which also explain more about viewing self-assessment tax calculations how the calculation is worked out.

 

To file your tax self-assessment online, visit the gov.uk website.

Scam warning-be vigilant

In November, HMRC issued a warning urging self-assessment customers to be vigilant, following reports of a scam involving fraudsters purporting to be from HMRC. The scam involves criminals attempting to panic customers into sharing their personal and financial details.

According to HMRC, fraudsters have been using calls, emails and texts to contact customers, with some scams targeting customers to inform them of a fake ‘tax rebate’ or ‘tax refund’ they are due. Suspicious activity should be reported to HMRC at phishing@hmrc.gov.uk or by sending a text to 60599. Phone scams can also be reported online, on GOV.UK. To read more about spotting the signs of a potential scam, click here, and watch this video below.

Where can I learn more about tax?

Interested in learning more about tax? Book your place on our eClassroom Property Tax course taking place on several dates this year.. Due to the Covid-19 pandemic, many of our courses have been adapted and are now taking place as remote eClassroom courses. Our interactive eClassroom Tax course covers what landlords need to know about their tax obligations, what landlords are able to claim and much more. Book your place on this course today.

Victoria Barker

Victoria Barker Communications Officer

Victoria is the Communications Officer for the NRLA.

She is responsible for producing articles for our news centre, the weekly e-newsletter, and manages and creates content for the association’s social media channels. She also contributes to our members magazine, Property.

See all articles by Victoria Barker