The number of people who own a second home, buy-to-let or overseas property has risen by about 2 million since 2001, research claims. A report from the Resolution Foundation shows 11.2% of adults, or 5.5m people, lived in a family with property wealth outside their...
A third of self-assessment taxpayers did not pay the right amount of tax in 2016/17, resulting in an £8 billion loss to the Treasury, research claims. A paper published by the Social Market Foundation (SMF) found that of the 10 million people a year who filed...
Extending IR35 legislation to the private sector could introduce "a complex web of new rules and liabilities throughout supply chains". Medium and large companies in the private sector will be responsible for determining the tax status of contractors from April 2020....
The Chartered Institute of Taxation (CIOT) has called for HMRC to review the use of private residence relief, before making changes that have been proposed for April 2020. Private residence relief allows people selling their home to do so without incurring a capital...
The number of families using tax-free childcare has more than doubled since this time last year, but around 1.4 million households could be missing out on the scheme. Recent HMRC statistics show that 125,000 families used tax-free childcare in March 2019. The figure...
