Senior sources at HM
Revenue & Customs said that the likeliest outcome of the discussions
over buy-to-let tax issues will not be a crackdown as widely predicted, but
merely an information campaign.
The taxman is furious that a meeting held with practitioners to try and focus
the attempts to improve compliance has been exploited for media coverage.
‘It was totally overblown. There’s a lot of anger,’ one source at the
department said. ‘The accountancy profession had lambasted us for not consulting
in the past. The story is we are sending leaflets out to landlords explaining
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals