Budget News 2017

Digital tax returns: a bit of good news

One of the measures Hammond announced  was a delay to the deadline after which the self-employed will be forced to submit digital tax returns.

The Residential Landlords Association said the one-year delay will be a good thing for landlords: its research suggests just 48 per cent use spreadsheets for record keeping – 38 per cent use paper records and 13 per cent use specialist software.

“While we support efforts to improve the efficiency of the system, faced with unhelpful changes to the way they will be taxed, the last thing landlords needed was an imminent change to the way they keep their records,” said Douglas Haig, the Association’s vice chairman.

“The chancellor has made the right decision in giving landlords more time to prepare for this important change.”