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.
Wealth from additional property ownership soars
More than 11% of adults in the UK have a second home.