Reeves is reportedly considering implementing national insurance for landlords in this year’s Autumn budget
Rachel Reeves is considering a tax increase for UK landlords in this year’s Autumn budget as she attempts to fill a £40bn hole in the public finances.
The Chancellor is examining proposals for applying national insurance (NI) to rental income in the hope of raising £2bn.
Officials are drawing up options for tax rises in an attempt to avoid breaking the “red lines” set by Reeves before the general election, where she promised to not raise taxes for ‘working people’, according to The Times .
This has put her in a tight spot, with no room to increase VAT, income tax or national insurance.
Employee’s National Insurance is charged in bands, but typically employers deduct eigh