HMRC
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Latest property news
Propertymark beefs up compliance as HMRC ‘shames’ 68 agents
Propertymark has opened compliance cases against five member businesses who have failed to comply with anti-money laundering regulations.
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Latest property news
Covid strikes again as conveyancing law firm hits buffers
Covid continues to count its conveyancing scalps with another law firm hitting the buffers after it couldn’t keep up to complete cases. Now hundreds of jobs could be at risk after HMRC issued a winding-up petition against Linder Myers Solicitors. The 100-year-old firm has offices in Manchester, Chester, Lytham, York and Shrewsbury, and is one of 14 legal brands operated by Metamorph Group. WINDING-UP Three of those brands – Linder Myers, Gosport-based Donnelly and Elliott Solicitors, and SLC Solicitors in Telford – form MLL Ltd, which has been issued with a winding-up petition. The Neg contacted Linder Myers for comment. Previously, a spokesperson for the group had told TheBusinessDesk.com that it was ‘working hard in collaboration with HMRC to resolve any outstanding matters’. A search on Companies House confirms that accounts for MLL are currently four months overdue. ACCOUNTS Its most recent accounts filed report a £2.1 million loss for the 18 months to June 2020. However a note on the account shows this was partly due to a restructure that saw the amalgamation of businesses Donnelly and Elliot Solicitors, SLC Solicitors and Linder Myers Solicitors. During that period the company employed more than 300 people and had assets of…
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Latest property news
Anti-money laundering failure could cost agents dear, warns Propertymark
Failure to keep up to date with anti-money laundering rules could hit agents in the pocket as Government looks at second economic crime Bill
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Latest property news
Number of agencies using price bidding platform gathers pace
Philip Farrell's proptech platform Offr is digitising the buying, selling and leasing process for estate agents and buyers.
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Latest property news
Estate agents in the money laundering firing line
Estate agents are in the trenches on the front line in the war against money laundering
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Latest property news
ARPM fall-out continues as former employee wins cash claim
Ash Residential Property Management went bust last year owing creditors £1.48m but it must now pay a former employee several thousand pounds.
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Housing Market
Cost of living forces one in four homebuyers to put off purchase
The last set of figures from ONS showed a 12.4% year-on-year increase, compared to 9.7% the previous month, as demand continued to outstrip supply.
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Latest property news
Not on your nelly, Rishi! Report reveals agent hostility to helping HMRC tax landlords
Government reveals it has been toying with proposals to ask agents to submit landlord rental income to HMRC, but consultation reveals widespread rejection of the idea.
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