Here’s some good news. Thousands of contractors were encouraged, often by their accountants, to use a tax avoidance scheme which was, at the time, perfectly legal. HMRC then decided that it shouldn’t have been legal, and sent out life-changing or life-ruining retrospective tax demands. Many divorces, forced house sales and a few suicides later, it looks like they’ve been made to soften their line. Yes, I know they’re only human and have targets to meet. But not all those on the other side are tax-dodging shysters. Most of those still get away with it.
“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.