The Inland Revenue, clearly buoyed by a decision it had been expecting, said it put an end to the ‘uncertainty’ surrounding the hated tax on self-employed contractors.
Experts from the likes of the Chartered Institute of Taxation, meanwhile, said they were not surprised at the verdict, though they expressed disappointment at the outcome.
Nevertheless, like a beaten boxer on the canvas who has the crowd behind him, the PCG vowed to fight on despite the emphatic defeat.
How it will do so remains unclear, however. It was denied leave to appeal to the House of Lords though it could conceivably petition direct. Whether it has the stomach for a further fight will probably only become clear in the new year.
It’s safe to say, however, that the Inland Revenue will not be losing any sleep over the threat this Christmas.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay