UK tax system too difficult for landlords and self-employed

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  

shadow

About Us

We are a firm of highly experienced independent financial advisers based in Leamington Spa. Our core values are simple - integrity and professionalism - and have seen our business grow mainly through customer referrals and reputation.

Latest News

Get in Touch

Beaufort Wealth Management Ltd,
7B Tournament Court,
Tournament Field
Warwick,
Warwickshire,
CV34 6LG
01926 460156

Beaufort Wealth Management Limited is an appointed representative of The Tavistock Partnership Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA No: 469862. Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. No responsibility is accepted for the accuracy or content of external websites.

Content