{"id":1602,"date":"2016-11-21T11:36:59","date_gmt":"2016-11-21T11:36:59","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1602"},"modified":"2016-11-21T11:36:59","modified_gmt":"2016-11-21T11:36:59","slug":"landlords-will-struggle-to-come-to-terms-with-making-tax-digital-says-rla","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/landlords-will-struggle-to-come-to-terms-with-making-tax-digital-says-rla\/","title":{"rendered":"Landlords will struggle to come to terms with Making Tax Digital, says RLA"},"content":{"rendered":"<p>The Residential Landlords Association (RLA) has issued a warning to private landlords over Making Tax Digital (MTD), after a study revealed that the average buy-to-let investor \u201clacks confidence with digital technology\u201d.<!--more--><\/p>\n<p>According to the RLA, HM Revenue &amp; Customs (HMRC) is rushing the MTD project without \u201cproper consideration\u201d for landlords \u2013 the majority of whom are unlikely to be ready for an all-digital tax system by the time it is introduced.<\/p>\n<p>John Stewart, policy manager at the RLA, said: \u201cOur survey shows many of our landlords are older and lack confidence with digital technology\u201d.<\/p>\n<p>Kate Faulkner, managing director of Property Checklists, added that \u201cthe average age of a landlord is over-55\u201d and that most were likely to be \u201ctechnophobes\u201d.<\/p>\n<p>The RLA\u2019s survey found that the majority of UK landlords thought that MTD should be introduced on a \u2018voluntary\u2019 basis for buy-to-let investors.<\/p>\n<p>In response to a recent Government consultation on Making Tax Digital (MTD), the RLA highlighted the following concerns:<\/p>\n<ul>\n<li>HMRC should release more information about the project.<\/li>\n<li>The Revenue\u2019s intended timescales are tight and the RLA doubts its ability to meet them.<\/li>\n<li>HMRC needs to back up its systems and ensure that any third party data supplied to MTD is safe.<\/li>\n<li>Promised exemptions for the digitally excluded and smallest businesses may not be delivered.<\/li>\n<li>The RLA deems the project ultimately unnecessary and believes it will prove an extra time and cost burden for all those affected.<\/li>\n<\/ul>\n<p>The Association has also stressed that unsure landlords \u201cshould avoid tackling their tax changes alone\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Residential Landlords Association (RLA) has issued a warning to private landlords over Making Tax Digital (MTD), after a study revealed that the average buy-to-let investor \u201clacks confidence with digital technology\u201d.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1602"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1602"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1602\/revisions"}],"predecessor-version":[{"id":1603,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1602\/revisions\/1603"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}