Business Income Tax: Simplified cash basis for unincorporated property businesses

Background

At Budget 2015, the Government set out the vision for a transformed tax system and in December 2015 launched the Making Tax Digital Roadmap, outlining more detail about what the transformed tax system will look like by 2020.

Because of the scales of these changes there is a lot we need to ask people about. We have published 6 consultation documents, each focusing on specific customer groups or elements of the Making Tax Digital reforms.

Focus of this consultation

This consultation considers the extension of the cash basis to landlords. Its introduction will ease the transition to Making Tax Digital for those landlords who will be required to report at least quarterly.

This consultation will be of interest to individuals and partnerships of individuals with unincorporated property businesses (landlords), as well as their agents and representative bodies.