This is the reality of all the pledges to ‘go after tax dodgers’. HMRC knows that those offshore billionaires could have them tied up in legal knots for years. They’re only human, they have targets (doesn’t everyone now), so they’ll go for the low-hanging fruit, no matter that some of it is crushed underfoot. In this case, it’s the thousands of contractors whose accountants recommended what was then a legal tax avoidance scheme, which was later decided to be not so legal. Meanwhile, on various yachts in the Cayman Islands…
“IHT to be ‘battleground policy’ in general election as receipts continue to grow”
Just when you thought Inheritance Tax was to become yesterday’s news, it’s back as, apparently and potentially, a ‘battleground policy’ as the election looms.
