When we introduced our SDLT Compliance Program last year, many Employers discovered that they were not compliant. Some HR professionals thought that other people had taken care of this tax issue, only to discover that nobody had!
It should be kept in mind that, in many cases, depending on the rent amount, no SDLT is payable at the start of the lease. However, the tax liability is often triggered when a lease is renewed or extended. It is important to be careful about this to avoid a build-up of unpaid tax, penalties and interest.
We can audit your UK leases free of charge to establish whether any tax is due. If we find that tax is due we will deal with everything for you under our SDLT Compliance Program
To take advantage of this free audit service, email us at info@saunders1865.com and we’ll contact you immediately to start the process. Don’t delay because interest and penalties may be building up. Failure to pay SDLT is an offence which can also lead to prosecution.