OBR sparks tax hike speculation

Tax hikes may be in the pipeline in Autumn Budget 2018 following the prime minister's pledge to significantly increase spending on the NHS, according to the UK's fiscal watchdog. The Office for Budget Responsibility (OBR) said the long-term outlook for the UK's public...

Tax changes restrict buy-to-let purchases

The number of new buy-to-let mortgages has fallen as a result of tax changes in recent years, according to research. A report by UK Finance showed that in May 2018, 5,500 new buy-to-let home purchase mortgages were completed - down 9.8% since the same time in 2017. In...

SMEs feel ‘targeted’ by tax investigations

Small businesses feel they are unfairly targeted by tax investigations, according to a report commissioned by HMRC. Research conducted by insurance firm PfP revealed that 52% of small businesses think tax investigations are too intensive. Additionally, 56% don't...

Landlords welcome tax incentives for long-term tenancies

The government is considering introducing tax incentives for landlords who offer longer tenancies, as part of a new consultation. The Ministry of Housing, Communities and Local Government has launched a consultation on implementing a 3-year tenancy model to support...

BCC calls for MTD delay

The British Chambers of Commerce (BCC) has called for the government to delay the rollout of its Making Tax Digital (MTD) scheme. From April 2019, VAT-registered businesses will be required to maintain digital records for VAT and submit digital returns. To do so,...
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