Also in the news...
Register as an overseas company with Companies House
You must register an overseas company with Companies House if you want to set up a place of business in the UK.
How to successfully expand your business and set up in the UK
Tell us about your business and we'll give you the official information and data you need, in one place
Foreign Office travel advice updates
Latest travel information for British nationals affected by the situation in the Middle East.
Check if you need a UK visa
You may need a visa to come to the UK to visit, study or work.
Apply to use simplified declarations for imports you entered in your records without authorisation
Choose how you’ll make supplementary declarations for goods that you entered into your own records without authorisation.
Rental Properties under the Microscope
HM Revenue & Customs’ (HMRC) latest campaign is to target property owners suspected of having undeclared rental income.
HMRC has estimated that 1.5 million landlords underpay tax totalling £500m every year and hopes this campaign will recoup a significant amount in unpaid tax. They are putting landlords under the microscope between now and May 2015 - during which time, taxpayers can come forward with a disclosure of their undeclared income from rented properties.
Lower penalties can be negotiated for those who come forward as part of the campaign.
Those who do not come forward can expect higher levels of penalties, should HMRC later catch up with them and, in certain cases, criminal prosecutions are a possibility.
Who are they targeting?
The campaign is open to all residential property landlords – from single rentals to multiple properties - and to specialist landlords, such as student or workforce rentals through to holiday lettings.