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Making tax digital was announced by Chancellor Osbourne in the 2015 Autumn Statement with the aim to digitise the tax system for the self employed and small businesses (including landlords).
The snap election delayed MTD’s implementation and enabled further consultation on the controversial plans.
The new Financial Secretary to the Treasury, Mel Stride MP announced changes to MTD on 13th July.
These changes are:
This will ensure that there is time to test the system fully and for digital record keeping to become more widespread.
Thank you to all of our members who attended the SWLA open office afternoon on Wednesday. It was lovely to catch up with everybody and enjoy a cream tea!
Congratulations to Greg Yates who won the bottle of champagne, kindly donated by Ken and Brenda at Sam’s Accommodation.
Our next open office event will be in December, details will be confirmed nearer the time.
Thursday 26th October 2017 – 9:30 – 4:30pm
Venue – Astor Room, Plymouth Guildhall, Royal Parade, Plymouth PL1 1HA
Price – £65 for members of SWLA, £75 for non – members for one day course.
Course covers ASTs, Deposits, Section 21s, Section 8s, HMOs, Gas and Electrical Safety, Inventories and much more.
The course will provide you with all the skills to start, manage and finish a tenancy.
Places still available. Contact the office on 01752 510913 or via the website to book your place, places secured on receipt of payment.
Over 600 landlords have already completed this course since September 2011.
Course can lead to Accreditation, if required.
We are proud to announce Landlord Accreditation South West (LASW) are founder members of the West of England Rental Standard.
Monday 9th October 2017
Venue – Astor Room, Plymouth Guildhall, Royal Parade, Plymouth PL1 1HA
If you are accredited this will count towards your CPD hours, but the course is open to all.
Cost for SWLA members – £35 per half day or £65 for both courses.
Cost for non-SWLA members – £40 per half day or £75 for both courses.
First Session – 9:30 – 12:30 – Repossession Procedures
Second Session – 13:30 – 16:30 – Important items of compliance and other safety related management issues including
Places secured upon receipt of payment, book your place through the office 01752 510913.
Thursday 17th August 2017 – 9:30 – 1pm
Venue- Charter Room, Plymouth Guildhall, Royal Parade, Plymouth PL1 1HA
If you are accredited this will count towards your CPD hours, but the course is open to all.
There is no charge for this course. There are limited spaces so book early to avoid disappointment.
Part 1 – Mine2Manage – Inventories
Mine2manage – easy to use software.
It has the following functions:
Tenant communicator via web and App. No more late-night phone calls from tenants.
Unlimited documents storage and sharing via the cloud.
Rent reminders and profit/loss reports. Can be exported and sent to your accountants.
Track maintenance issues.
Easily created inventories, periodic inspections and check-outs.
Part 2 – NAPIT – National Association of Inspectors and Testers
Testing of electrical installations WILL become mandatory during this Parliament. Take this opportunity to see what is required.
Points to be discussed are; incoming supplies, by passing meters, fuse boards old and new, earthing arrangements, circuit breakers, ring mains – general issues, PAT testing and the general requirements, electrical installation condition reports and the home safety guidance document.
From 8 May 2017, Plymouth City Council are changing bin collections so that brown bins and bags – or normal household rubbish – will be picked up one week and the green bins and bags – or recycling – will be picked up the next.
The changes will lead to an increase in recycling rates, a more efficient service and a renewed sense of enthusiasm for Plymouth becoming a cleaner and greener city.
Residents will have received letters which set out what weeks their brown and green bins and bags will be collected as well as their garden waste collection, which from 8 May 2017 run on a separate round.
To help make the new system a success, residents are being asked to:
For more information and to check your bin day, please use the following link;
http://www.plymouth.gov.uk/binsrecyclingandwaste/checkyourbinday
You can also check the FAQs which includes some great hints and tips to read though in case your tenants have any questions;
More than half of the Finance Bill has been put on hold until after the general election which is taking place on 8th June 2017.
Among other clauses, the Government have decided to delay the legislation for digitising the tax system. The new system will require small businesses, self employed workers and Landlords to send quarterly digital tax records to HM Revenue and Customs (using a smartphone or computer).
The Government will legislate for the postponed measures at the earliest opportunity at the start of the next parliament.
Article abridged from an article in the Financial Times.
https://www.ft.com/content/b53a5ba6-29c4-11e7-bc4b-5528796fe35c