Unpopular freelance tax rules are set to be reviewed under plans revealed
today by the coalition government.
programme of government, the Lib-Cons will review IR35 as part of a
“wholesale review” of small business taxation. The review will seek to replace
it with simpler measures.
These plans will “prevent tax avoidance but do not place undue administrative
burdens or uncertainty on the self-employed, or restrict labour market
Trailed by chancellor George Osborne at his speech during
CBI dinner, the government will reform the corporation tax system
and reduce the headline rate.
Personal allowances for income tax will rise from April 2011. Its NI
threshold increase for employers will go ahead, but employees will still face a
1% hike planned by the previous government.
The Conservatives will still push for a married couples tax allowance.
Tackling tax avoidance will follow along the lines laid out by the Lib-Dems
in their election manifesto
Non-doms’ taxation will be reviewed, while the proportion of tax revenue
accounted for by environmental tax will increase.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...