More landlords are changing business structure

Landlords with larger portfolios are increasingly moving to limited company status for new purchases, as restrictions to mortgage interest relief take effect. According to Precise Mortgages, 64% of landlords with more than four properties who plan to buy this year...

Employees warned against pension opt-outs

Opting out of a workplace pension could cost employees almost £542,000 in savings throughout their working life, estimates from Aegon show. From 6 April 2019, auto-enrolment minimum contributions are set to rise from 5% to 8% of the worker's qualifying earnings. This...

Think tank calls for tax relief reform

A think tank has urged the Government to carry out a radical reform of tax reliefs, to tackle intergenerational unfairness. Research published by Bright Blue recommended creating a new Office for Fiscal Responsibility, which would pursue tax simplification and examine...

HMRC delays self-assessment penalty notices

Taxpayers who missed the January 2019 self-assessment deadline could see increased fines because of a delay to penalty notices. Individuals who did not file their 2017/18 self-assessment tax return by the deadline at midnight on 31 January 2019 will receive an initial...