A report from The Office for Tax Simplification, commissioned by Chancellor Rishi Sunak, has recommended a major overhaul of capital gains tax.

The Government is set to collect four times more money from Capital Gains Tax in 2023/24 than it did in 2013/14, according to predictions from a Chartered Financial Planner.

Blick Rothenberg, which alongside its accounting and tax services has a pensions planning and advisory arm, has warned a Labour government would lead to “dramatic changes” in taxation.

New analysis of statistics from HMRC shows a 15% increase in self-assessment receipts in January 2019 compared to January 2018.