HM Revenue and Customs (HMRC) is changing its systems to end emergency taxing pensioners on their retirement savings. It has announced plans to improve tax code processing for people as they start to receive their private pension. The changes, starting in April, aim to ensure people pay the correct amount of tax right from the […]
Keir Starmer warned the Budget was “going to be tough”. He wasn’t wrong when it comes to the impact on business. As widely predicted, employers’ National Insurance contributions were high on chancellor Rachel Reeves target list. And she did not hold back with measures to raise £25bn a year for government coffers. The rise from […]
The warnings are clear. Prime Minister Keir Starmer has already declared this month’s Budget is “going to be tough”. The only question is: Just how tough? The run-up to October 30 has seen intense speculation on what tax hikes chancellor Rachel Reeves will announce when she stands up in the Commons to deliver her speech. […]
A new report has highlighted the damage done to the private rental sector by taxation that its authors say has hindered investment and contributed to skyrocketing rents. The Propertymark report examines the impact of Section 24, which was implemented by former chancellor George Osborne to cut the available tax relief on mortgage interest costs and […]
