Southport Reporter (R) Bourder
Southport & Mersey Reporter - Mobile

Click on here to go to latest edition's main page.

  Search Edition Archive  

Visit our online shop...

   

Click on to go to our hub website.

Latest Edition   Archive   Shop   Email   Mersey Reporter
Please support our advertiser below...

For more recommended businesses click on here...

Weekly Edition - Published  17 January 2016

 

Local News Report - Mobile Page

 

Taxman to target those renting properties through Airbnb

HMRC (Her Majesty's Revenue and Customs) is to set to target those making money from renting out property through Airbnb, ACCA (the Association of Chartered Certified Accountants) is warning. Chas Roy Chowdhury, ACCA head of Taxation, said:- "Money made by renting out a property through Airbnb will be classed as income and must be declared to the Taxman. If you are using the website to rent out a property you own then I would strongly advise you to make the necessary declaration to HMRC. If you make a voluntary declaration to HMRC, rather than wait for them to come knocking, it is far less likely you will receive a fine. HMRC are under tremendous pressure from the government to increase the Tax Revenues collected and if they believe that you are deliberately withholding information about a source of income they will look to penalise you. If this is a 2nd source of income is it likely you will owe Tax on all income from the rental. If you are unsure you should seek the services of a Chartered Certified Accountant, who will be able to advise you how to declare this income and what needs to be declared." You can search for a Chartered Certified Accountant here.

 

News Report Page Quick Flick.

Click on here to go to the mobile menu page for this edition. News Report Page Quick Flick
 

Read this page.

Southport Reporter (R) Bourder


  


 

 

 RSS Our Weekly Headlines

 


(+44)  08443 244 195
Calls to this number may be recorded for security, broadcast, training and record keeping.
 

4a Post Office Ave, Southport, Merseyside, PR9 0US, UK

 

Click on to see our Twitter Feed.  Click on to see our Facebook Page.  Click on to follow our LinkedIn Profile. This website is licence to carry news from Vamphire.com and UK Press Photography. 

This is our media complains system...

We are regulated by IMPRESS, the independent monitor for the UK's press.

How to make a complaint
Complaints Policy
Complaints Procedure
Whistle Blowing Policy

 



Southport Reporter® is the
Registered Trade Mark of Patrick Trollope

...