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TODAY'S OTHER NEWS

Tax return deadline looms – are you prepared?

It is that time of year again. Filing an annual tax return is a necessary task for every self-employed person, including buy-to-let landlords, with the 31 January deadline for the 2018/19 Self Assessment tax return looming.

Whether you have just started out as a buy-to-let landlord or you are an established property investor, there is much to consider on a monthly basis from a financial point of view.

From mortgage interest to general repairs, there are a number of bills that you need to take into consideration.

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If you are concerned about going it alone and doing your own tax return, you may wish to check out HMRC's ‘help and support for landlords’. 

For more information, click here.

HMRC has also added online tax return help for landlords to their online series of help and support webinars.

View all HMRC webinars.

Millions of people still need to fill in their self-assessment tax forms or risk a fine.

According to HMRC, about 5.4 million customers still have a week left to complete their Self Assessment tax returns and pay any tax owed.

Angela MacDonald, HMRC’s director general for customer services, said: "We know that can be a worry, and not only when large sums are involved, so I would urge anyone who is expecting to find it difficult to pay their tax to get in touch with us as soon as possible.

"We will do everything we can to help and provide practical support."

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