New shadow chancellor Michael Portillo has reaffirmed the opposition of the Conservative party to the IR35 ‘stealth tax’ on self-employed consultants and pledged that if they were elected to government they would scrap the levy. He said it would heap an extra £475m in national insurance on specialists and consultants hitting up to 66,000 hi-tech entrepreneurs, mainly in the IT field.
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans