The controversial IR35 tax is barely paying its way, and has raised just £9.2
million between the 2002/03 and 2007/08 financial years.
The employment tax was introduced as a means of treating certain contractors
as though they were employees of their clients.
Contractors who pay the tax have found that it reduces their take-home pay by
up to 25%.
The Professional Contractors Group obtained the figures from HMRC under the
Freedom of Information Act. The government has earlier declined to answer
questions raised in Parliament as to how much revenue it earned from IR35.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group