Blog

30 Jan 2025

VAT Update 2 - HMRC v Sonder Europe Ltd [2025] UKUT 00014 (TCC)

Following the last post about this case on 17 January, essentially, Rent to Serviced Accommodation operators have the following options...

17 Jan 2025

VAT Update - HMRC v Sonder Europe Ltd [2025] UKUT 00014 (TCC)

On 14 January, the Upper Tribunal (UT) upheld HMRC’s appeal against the First-tier Tribunal’s (FTT) decision that supplies of accommodation fell within the VAT tour operators’ margin scheme (TOMS). This means that rather than output VAT being charged on the company’s margin, it will now be charged on the value of supplies to travellers.

13 Jan 2025

MTD for Income Tax

Prior to the Autumn Budget, there was hope that the new Labour Government might further delay the introduction of Making Tax Digital for Income Tax (MTD for IT).

20 Sep 2024

FHLs – what do we know now?

On 18 August 2024, the government published draft legislation that will abolish the Furnished Holiday Lettings (FHL) regime from April 2025. Previously, it was uncertain whether the abolition, as originally proposed by Jeremy Hunt, would go ahead. In this two-page factsheet, we outline the proposals and identify some potential planning opportunities.

30 Jul 2024

Furnished Holiday Lettings (FHL) Tax Regime to be Abolished

The Chancellor intends to go ahead with plans to abolish the furnished holiday lettings (FHL) tax regime starting April 2025, as outlined in new draft legislation. This change will remove the tax advantages currently enjoyed by short-term holiday let landlords over those offering standard residential properties.

12 Jul 2024

Buying a second home: what should you think about?

Our property tax experts are often asked about the financial and tax implications of buying a second home. Sometimes the pull of a country or seaside retreat might inspire you to think about having a second home. Or maybe you have spare cash or income and are wondering if a second home could be a good investment.

11 Jun 2024

Construction Industry Scheme (CIS)

HMRC has recently made a significant change as to when a property business falls within the scope of CIS as a mainstream contractor.

28 May 2024

Furnished Holiday Lettings: Reaction

In Budget 2024, which took place on 6 April, the Chancellor announced that the concept of Furnished Holiday Lettings (FHLs) will be abolished from 6 April 2025. This means that the tax reliefs available to those operating FHLs will no longer be available.

03 May 2024

Some self-catering holiday let owners being asked to provide trade information

The Valuation Office Agency (VOA) is contacting the owners of some self-catering holiday lets. The lets in question are ones that are currently being assessed for business rates.