Business News
Treasury to review tapered annual allowance
Government responds to calls from NHS doctors to scrap taper.HMRC repays £46m in excess tax on pension withdrawals
17,000 savers reclaimed tax in Q2 2019.Government dismisses calls for stamp duty shake-up
Stamp duty discourages downsizing, House of Lords committee says.More over-65s pay additional-rate income tax
37,000 people paid tax at 45% in 2018/19.Capital gains tax changes to hit homeowners
Final period exemption for private residence relief will reduce to nine months.Tax changes impact smaller landlords
Lenders’ trade body says Government should halt further measures.OTS proposes inheritance tax reform
Recommends reducing seven-year period to five years.Pension rules ‘cause confusion’ for higher earners
Tapered allowance applies to individuals earning over £150,000.Tax gap rises to £35 billion
‘Failure to take reasonable care’ is the biggest factor in unpaid tax.HMRC error affects payments on account
Taxpayers could receive much larger bill in January 2020.
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