Savers warned over property plans

Retirement savers in their mid-40s and early 50s have been urged to think twice about raiding their pension to invest in buy-to-let property. YouGov polled 2,014 over-45s on behalf of Royal London and found 15% of over-55s are considering investing in property to fund...

Committee demands business rates reform

The Treasury Committee believes the current business rates system in England and Wales is "broken" and in "urgent need of reform". Business rates are a tax on property used for business purposes, and calculated based on a property's estimated value on the open market....

OTS suggests new individual tax account

HMRC should consider merging personal tax accounts with business tax accounts in the next three years, according to the Office for Tax Simplification (OTS). The new individual tax account would enable all taxpayers to see information about all their different types of...

‘Delay off-payroll extension until 2021’

The extension of off-payroll (IR35) rules to the private sector in April 2020 should be delayed by a year, following the cancellation of Budget 2019. Chancellor Sajid Javid intended to deliver his first Budget speech on Wednesday, 6 November, only for it to be...

Election prompts mixed responses from business groups

Parliament's decision to push for a General Election on 12 December 2019 has prompted a mixed reaction from business groups. MPs overwhelmingly backed Prime Minister Boris Johnson's call to hold an election by 438-20, with the bill set to be fast-tracked through the...