Paymaster general Dawn Primarolo said: ‘The new statutory offence will be just one in a package of measures aimed at cracking down on the informal economy.
Our message is simple – get the confidential advice and help offered by the Inland Revenue to help join the legitimate world of work, or face the consequences in six months time.’
The new offence may be tried either summarily in the magistrates’ court or on indictment in the Crown court (and in the appropriate courts in Scotland and Northern Ireland).
On summary conviction the penalty is up to six months in prison or a fine of up to £5,000, or both. On indictment the penalty is up to seven years in prison or an unlimited fine, or both.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals