Labour is reported to be consulting with HM Revenue and Customs (HMRC) on proposals that would require the self-employed and landlords to pay tax each month, rather than later at year end. The reports say the discussions involve a potential change to how tax is collected, with an emphasis on monthly payments tied to income as it is generated. Both accounts describe the idea as a “radical” regime shift and note that it is not yet implemented, with consultation underway. The coverage also frames the proposal as applying to people who earn income on a self-employed basis and to landlords, potentially affecting how and when they pay tax even when income has not yet been earned or assessed. The articles do not provide further details on the planned mechanism, timelines, or how payments would be reconciled with final tax liability. At this stage, the information available indicates that the government department is considering options for earlier or more frequent tax collection, with consultation described as the current step.
Labour and HMRC consider monthly tax payments for self-employed and landlords
Labour is reported to be consulting with HM Revenue and Customs (HMRC) on proposals that would require the self-employed and landlords to pay tax each month, rather than later at year end. The reports...
- Labour is consulting with HMRC on changes to tax collection.
- The proposals target the self-employed and landlords.
- The reported approach would shift tax payments to a monthly basis.
- The discussion is described as involving payment timing before final income is fully assessed.
- No implementation timetable or final details are provided in the reports.
Labour is consulting with HM Revenue and Customs (HMRC) over plans to get the self-employed and landlords paying tax monthly on income they have not yet earned.
3 hours agoLabour is consulting with HM Revenue and Customs (HMRC) over plans to get the self-employed and landlords paying tax monthly on income they have not yet earned.
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