UK tax system too difficult for landlords and self-employed

MSN reports “Bill Dodwell, Office of Tax Simplification (OTS)  tax director, said: “Too many self-employed people, and to some extent private landlords, find it hard to understand tax and comply with [the tax system] so they end up having compliance failures and all the cost and worry that comes from that.”

HMRC figures released this year showed an increase in lost tax — money that should have been paid but was not — from those who fill out a tax return, which includes private landlords and self-employed workers.

As well making it easier for taxpayers, the OTS said requiring third-party organisations to share data about individuals would have the “secondary effect” of increasing the tax take.  Read more