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KEYWORD "HMRC" - 101 RESULTS
Would Tories’ Stamp Duty Policy really turn renters into buyers?

Over the weekend the Conservatives pledged that if elected on July 4 they would permanently scrap stamp duty for first time...

10 June 2024

From: Breaking News

Stamp Duty Change from Tomorrow - reminder to agents

As a result of an announcement back in March, in the government’s final Budget, a major change to stamp duty comes into...

31 May 2024

From: Breaking News

Tax Alert - Agents can urge landlord clients to take part in pilot scheme

HMRC has launched a pilot for the proposed Making Tax Digital service for quarterly reporting - and agents can sign up...

26 April 2024

From: Breaking News

Big HMRC fines for agents prompt Anti-Money Laundering guidance

Recent substantial fines issued by HMRC are a harsh reminder to agents to ensure that their Anti-Money Laundering policies are up...

23 April 2024

From: Breaking News

Agent demands end of bizarre rule making tenants pay stamp duty

A prominent lettings agent is calling for an end to what he calls the “archaic” system under which some tenants end...

22 March 2024

From: Breaking News

PropTech: enhanced referencing service launched

PropTech platform Goodlord has launched a new referencing service for letting agents, offering what it calls ”a carefully curated balance of...

22 March 2024

From: Breaking News

Phil Spencer asks: Should Agents Manage Short Let Properties?

It’s not easy for anyone - even professionals like lettings and estate agents - to keep up with the blizzard of...

19 March 2024

From: Breaking News

Banks Closing Pooled Client Accounts - agents urge government action

Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...

13 March 2024

From: Breaking News

Airbnb sharing short lets data with another government department

Airbnb - which recently announced it’s sharing some information about its landlord hosts with HMRC - is now sharing data with...

12 March 2024

From: Breaking News

HMRC reminds agents to update email and instant messaging contacts

Email and instant messaging contact details must be kept up to date for HMRC to contact agents about Anti-Money Laundering supervision. Propertymark...

28 February 2024

From: Breaking News

HMRC rakes in hundreds of millions more in property-related tax

HM Treasury raked in £6.3 billion in inheritance tax receipts in the 10 months from April 2023 to January 2024 according...

23 February 2024

From: Breaking News

Stamp Duty slump is a pre-Budget blow for Chancellor

Stamp duty receipts dipped four per cent to £2.4 billion in Q3 of last year - no less than 25 per...

01 February 2024

From: Breaking News

Huge rise in property tax for HMRC ahead of possible Budget change

Figures released by HMRC show that the Treasury raked in £5.7 billion in inheritance tax receipts in the nine months from...

24 January 2024

From: Breaking News

Short lets tax change this week just the first of many in 2024

Airbnb and other short let platforms are from this week required to send data on their clients’ earnings to HMRC. And a...

03 January 2024

From: Breaking News

Tax Grab - Big rise in Inheritance Tax paid to HMRC

The latest figures from HM Revenue and Customs show that inheritance tax receipts increased to £5.2 billion in the eight months...

28 December 2023

From: Breaking News

Recent rise in buy to let landlords quitting, confirms Bank of England

A new Bank of England survey has confirmed a growing outflow of landlords from the private rental sector since 2020. The Bank’s...

22 December 2023

From: Breaking News

Client money accounting made easy with PayProp

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

26 October 2023

From: Sponsored Content

“Heavy Handed Banks” slammed for pooled client account crisis

Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...

28 September 2023

From: Breaking News

Investor confidence rising ahead of tomorrow’s inflation figures

A respected measure of investor confidence says it’s on the rise as a result of growing optimism over UK inflation figures...

15 August 2023

From: Breaking News

Thousands of agencies yet to register with HMRC

More than 20,000 UK estate agency branches have registered with HMRC for money laundering supervision – but thousands have yet to...

14 August 2023

From: Breaking News

Client Account Closures - Chancellor urged to stop banking madness

The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...

08 August 2023

From: Breaking News

Treasury ponders different anti-money laundering systems

HM Treasury has published a consultation on reform of the anti-money laundering supervisory system, giving four options. Currently the supervisory system is...

27 July 2023

From: Breaking News

Fines for agents rise rise steeply as AML clampdown kicks in

The average Anti-Money Laundering fine issued to estate agents for non-compliance in 2022-23 is almost half as large again as in...

19 July 2023

From: Breaking News

HMRC ready to pounce on agents, claims ex-police AML expert

Anti-money laundering consultancy FCS Compliance has announced its latest Webinar for agents using Rightmove. And with it comes a warning that the...

29 June 2023

From: Breaking News

Agencies risk Reputational Damage - new warning to industry

Lettings agencies which rely on manual means of verification are risking repetitional damage caused by anti-money laundering regulations, a digital compliance...

11 April 2023

From: Breaking News

Scare Tactic or Sound Advice? Compliance warning to agents

A company in the identity verification sector is warning that anti-money laundering checks are set to reach a new intensity in...

24 March 2023

From: Breaking News

Shock inflation figure means rate rise today likely - analysts

The Bank of England’s monetary policy committee meets today to decide on its base interest rate amidst shock at the latest...

23 March 2023

From: Breaking News

Overseas owners urged to register with Companies House soon

The Register of Overseas Entities, which came into force back in August, requires all overseas entities owning property in the UK...

19 January 2023

From: Breaking News

HMRC hits agents with larger non-compliance fines

Fines issued to agents for anti-money laundering non-compliance are getting bigger, reversing a downward trend seen throughout the pandemic, according to...

18 January 2023

From: Breaking News

Pooled Client Accounts - banks accused of making mistakes

Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents.  The trade body...

12 January 2023

From: Breaking News

Automated client account platform to supply agents’ trade group

Automated client account platform Lettspay is to become a supplier to the Federation of Independent Agents.  Lettspay, which is registered with the...

12 January 2023

From: Breaking News

Today! Key webinar on Making Tax Digital

The vexed subject of letting agents and landlords preparing for the Making Tax Digital regime is to be examined in a...

16 November 2022

From: Breaking News

Cut taxes and make them simpler! Agents’ plea to government

With only 48 hours to go before the Autumn Statement confirms stealth tax rises and massive public spending cuts, Propertymark has...

15 November 2022

From: Breaking News

HMRC’s Tax Threat to rentals slammed by agency chief

A holiday lettings agency has criticised the proposed rise in capital gains tax which may be introduced this week in the...

14 November 2022

From: Breaking News

Property stealth taxes to be major part of next week’s Budget

The Financial Times has an exclusive saying allowances on property taxes such as Capital Gains and Inheritance will be frozen -...

08 November 2022

From: Breaking News

Lettings will be safety net for agents hit by major downturn - claim

Agents should look to lettings to protect themselves when the sales market is hit by the coming recession and drop in...

08 November 2022

From: Breaking News

Compliance cases open on agents who fail money laundering rules

Propertymark says it’s opened compliance cases against five member agencies following the latest HMRC publication of businesses who have failed to...

12 October 2022

From: Breaking News

Big rise in cash fines for agencies flouting AML regulations

There’s good news and bad news for letting agents on the anti-money laundering front. The good news is that the overall number...

23 September 2022

From: Breaking News

Compliance negligence could cost agents, warns Propertymark

Propertymark is urging lettings agents to familiarise themselves with recent updated guidance to avoid falling into non-compliance. The trade body says updated...

15 September 2022

From: Breaking News

HMRC reminds agents about taxing non-resident landlords

HMRC has issued a reminder to letting agents about how operate the Non-resident Landlords Scheme. This requires anyone in the UK who...

26 August 2022

From: Breaking News

Huge rise in numbers of holiday lets in popular areas

The number of active holiday lets has increased by a third in some of England’s most popular short break destinations. The biggest...

11 August 2022

From: Breaking News

Client Accounting - Risks and Rewards of Outsourcing

The two main reasons that an agency decides to outsource are to reduce costs and to have the ability to focus...

01 August 2022

From: Sponsored Content

HMRC - webinar for agents led by veteran expert

Rightmove hosts its latest anti-money laundering webinar next week. The hour-long session at 10am on Tuesday July 19 - a week today...

12 July 2022

From: Breaking News

Client Accounting – Why Outsource?

The two main reasons that an agency decides to outsource are: 1.) To reduce costs 2.) To have the ability to focus on...

27 April 2022

From: Sponsored Content

Agencies targeted by crime syndicates, claims trade body

The UK lettings and estate agency is being targeted by crime syndicates in order to launder dirty money. That’s the claim of...

27 April 2022

From: Breaking News

HMRC should be tougher on letting agency checks - survey

A technology platform claims that as many as a third of lettings agencies that should be compliant with anti-money laundering regulations...

25 April 2022

From: Breaking News

HMRC owed £270,000 by bankrupt lettings agent - court case halted

Proceedings against a bankrupt letting agent have been delayed 10 weeks to allow mental health reports to be prepared.  Madelaina Eftekhari is...

04 April 2022

From: Breaking News

Tax authority wants to hear agents' views on buy to let tax regime

Letting agents are being urged to respond to a consultation opening today from rhe independent Office for Tax Simplification.  The OTS has published an...

17 March 2022

From: Breaking News

HMRC and Government warned - don’t let Capital Gains Tax kill buy to let

A finance chief is warning that the threat of possible rises in Capital Gains Tax should be dismissed by the government to...

09 February 2022

From: Breaking News

Property Fraud - Agents have key role to deter crime

An hour-long webinar this week aims to inform agents how to deter property fraud by greater emphasis on compliance, due diligence...

24 January 2022

From: Breaking News

HMRC conducting short-notice visits to agents says compliance chief

HM Revenue & Customs officers are paying short-notice visits on letting and estate agents to check on their anti-money laundering compliance,...

19 January 2022

From: Breaking News

HMRC shock for tenants - some may have to pay stamp duty

A little-known law may require tenants to pay stamp duty on the rental properties they do not actually own. London lettings agency...

12 January 2022

From: Breaking News

Webinar follows big rise in agents contacted by HMRC over AML

FCS Compliance has announced its latest anti-money laundering webinar tailored exclusively for Rightmove members.   Are you ready for an HMRC inspection is...

12 November 2021

From: Breaking News

 Activists want HMRC to remove tax perks from holiday lets

Baroness Alicia Kennedy, director of the Generation Rent campaign, says rents in Wales, Scotland and South West England have soared thanks...

18 August 2021

From: Breaking News

Lettings agencies amongst those fined by HMRC for breaches

Two lettings agencies are amongst three property agents which have been fined by HM Revenue & Customs for breaching anti-money laundering...

18 August 2021

From: Breaking News

Capital Gains Tax - agents back extended time limit, with qualifications

ARLA Propertymark has thrown its weight behind a call for HMRC to extend the time limit for the payment of Capital...

11 June 2021

From: Breaking News

HMRC deadline for letting agents in just two weeks’ time - warning

There are just two weeks left for letting agents to register with HM Revenue & Customs if they want to be...

27 May 2021

From: Breaking News

Agents warned over HMRC probes if they use old-fashioned ID checks

An anti-money laundering PropTech consultancy claims agents are in serious danger of non-compliance with new regulations, unless they ditch paper documents and...

25 May 2021

From: Breaking News

Agents’ Alert - just four weeks to meet HMRC deadline

A compliance specialist is reminding the industry that the deadline by which letting agents must register with HMRC if they are...

17 May 2021

From: Breaking News

Government pledges to plug ‘rental tax gap’ for holiday lets

The government’s much-vaunted ‘tax day’ produced few challenges to the status quo - but holiday lets are under scrutiny. Currently the holiday let...

24 March 2021

From: Breaking News

Agency warns that landlords seriously worried by CGT threat

An agency is warning that possible Capital Gains Tax changes are now a cause of major worry to their landlord customers.  Barrows and...

16 February 2021

From: Breaking News

Agents 'should guide landlords through blizzard of licensing rules'

Letting agents should help landlords through a blizzard of red tape and regulation cause by local licensing schemes, a PropTech entrepreneur...

10 February 2021

From: Breaking News

Too early to tell if letting agents abide by anti-money laundering - report

A new report from the government says it’s too early to tell whether lettings agencies are abiding by new anti-money laundering...

18 December 2020

From: Breaking News

Huge licensing crackdown in 2021 gives agents a chance to shine - claim

A new assessment of legislation and council rules surrounding the private rental sector suggests a severe crackdown may be coming in...

02 December 2020

From: Breaking News

Agencies should review banking and payments - PropTech chief

Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...

20 November 2020

From: Breaking News

Agents invited to upcoming anti-money laundering webinar

Rightmove is to host an anti-money laundering webinar next week, aimed at lettings and sales agents. The event, which is entitled Five...

13 November 2020

From: Breaking News

Top tips on how to ensure your AML procedures are up to scratch

The property market, and therefore, estate agents have been accused of being the 'weak link' in the UK’s money laundering defences. This...

29 October 2020

From: Legislation & Compliance

Banks Red Tape: Breakthrough for agents on Pooled Client Accounts

ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...

10 September 2020

From: Breaking News

Shocking large scale tax evasion by landlords - claim

Rogue landlords have been accused of tax evasion which could cost the Treasury as much as £1.73 billion a year. The accusation...

05 August 2020

From: Breaking News

Anti-Money Laundering: ARLA worry over agents’ responsibilities

ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...

16 June 2020

From: Breaking News

HMRC finally allows letting agents to register for anti-money laundering

The HMRC’s long-awaited online register for letting agents to register their anti-money laundering activities has opened - almost six months after...

28 May 2020

From: Breaking News

HMRC warns investment sellers on CGT changes

HM Revenue & Customs has issued a new warning to buy to let and Holliday home owners about a major change...

16 March 2020

From: Breaking News

New warning about imminent buy to let tax clampdown

There’s a new warning today for buy to let investors who will be hit by tax changes coming into effect on...

20 February 2020

From: Breaking News

 HMRC grabs millions in latest clampdown on buy to let

It’s been revealed that a clampdown on the buy to let sector by HM Revenue and Customs has produced millions of...

17 February 2020

From: Breaking News

HMRC data shows landlords quitting buy to let as tax rises bite

An analysis of HMRC data reveals that the number of small buy-to-let landlords has dropped for the first time in five...

10 February 2020

From: Breaking News

Agents Beware: new anti-money laundering rules kick-in today

It’s here - the Fifth EU Money Laundering Directive comes into force today with significant challenges and implications for letting agents. The...

10 January 2020

From: Breaking News

Agents to get ARLA resources as anti-money laundering changes kick in

The Association of Residential Letting Agents says it will be issuing resources to support for lettings agents in the coming days...

02 January 2020

From: Breaking News

“Worse than Scrooge!” - angry judge makes landlord pay £20,000

A landlord has been ordered to pay almost £20,000 and has been told by a judge that he was meaner than...

10 December 2019

From: Breaking News

Agents warned: Prepare for imminent Anti-Money Laundering changes

[Letting Agent Today was ‘off air’ for some of Wednesday and most of Thursday thanks to technical problems - we apologise to...

06 December 2019

From: Breaking News

Tenants warned not to ignore ‘snooping’ HMRC letter about landlords

The Chartered Institute of Taxation is urging tenants not to ignore a letter if they receive one from HM Revenue &...

18 November 2019

From: Breaking News

Are HMRC and Airbnb about to go to court over taxes?

The BBC is reporting that the short lets giant Airbnb has been contacted by HM Revenue & Customs about its tax...

23 October 2019

From: Breaking News

HMRC 'fishing expedition’ targets overseas landlords and their tenants

HM Revenue & Customs has launched what appears to be a fishing expedition to find out information about investor landlords who...

10 September 2019

From: Breaking News

HMRC tax clampdown on buy to let finds 16,000 investors underpaid

A campaign by HM Revenue & Customs to encourage buy to let investors to ‘fess up’ to their unpaid tax has...

17 July 2019

From: Breaking News

Surge in landlords declaring unpaid tax following HMRC crackdown

The number of landlords admitting to not paying tax has soared in the past year, according to new data. During 2018/2019, 16,110...

08 July 2019

From: Breaking News

Rates, yields, demand and tax - reasons why holiday lets are booming

A holiday lets and short-term lettings market boom can be put down to a combination of four reasons, according to specialist...

05 July 2019

From: Breaking News

Thousands of buy to let investors may be due stamp duty rebates - claim

Landlords have been urged to seek advice about potential stamp duty rebates on ‘uninhabitable’ second properties after a landmark tribunal case. A...

18 June 2019

From: Breaking News

Higher rent to combat fees ban should be last resort says mortgage boss

The chief executive of a specialist buy to let lender says increasing the rent to combat additional costs put on landlords...

29 April 2019

From: Breaking News

HMRC still on Buy To Let warpath, despite campaign flop - warning

There is a warning that the HMRC’s Let Property campaign, which received huge publicity and attention for some years, has so...

14 March 2019

From: Breaking News

Double Trouble: buy to let investors pay twice the tax of Tesco

Income tax paid by buy to let landlords now exceeds £3.8 billion annually – that’s more than double Tesco’s entire annual...

12 March 2019

From: Breaking News

Buy to let rental income leaps 15% in just one year says lettings agent

A lettings agency that has analysed HMRC data says rental income for buy to let landlords has leaped 15 per cent...

07 March 2019

From: Breaking News

What is the risk?

The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...

20 February 2019

From: Sponsored Content

Impress landlord clients by pointing them at these HMRC webinars

Agents who want to go the extra mile for their landlord clients may want to point them to assistance for the...

03 January 2019

From: Breaking News

Two new PropTech products aimed at lettings agencies

Two new PropTech services launched, targeting the lettings industry. Tenancy referencing firm FCC Paragon has launched MyMoveIn, an online platform that supports...

02 October 2018

From: Breaking News

Is a passport enough for AML? Blog 3

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

29 August 2018

From: Sponsored Content

HMRC hasn't thought through latest rental tax change, say accountants

Government plans aimed at stopping the abuse of the current Rent A Room tax perk may overcomplicate the system and deter...

02 August 2018

From: Breaking News

Is a passport enough for AML? (Part 2)

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

02 July 2018

From: Sponsored Content

Is a passport enough for AML? (Part 1)

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

25 June 2018

From: Sponsored Content

Agency closes, boss disappears, and thousands owed to clients

A regional newspaper claims that a lettings agency has collapsed, its boss has gone to ground, and thousands of pounds are...

18 June 2018

From: Breaking News

Strong growth in property investor numbers - at least until recently

An analysis of data released by HM Revenue and Customs shows that 1.9 million people earned money from property in 2015-16...

08 March 2018

From: Breaking News

HMRC may add tax checks to private rental licensing schemes

HM Revenue & Customs has launched a consultation on adding tax checks to private rental sector licensing schemes - in other...

14 December 2017

From: Breaking News

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