There’s much speculation about ‘how we’re going to pay for all this’. You can bet HMRC are going to be called on to rake in as much as they can in the next few years, and IR35 is back on their list of priorities. Its principle is that anyone supposedly self-employed and working for one person is actually an employee. It’s been around for ages but has been really difficult to enforce; in fact, HMRC lost a court challenge on it just last week. And its strict enforcement will impact what some call the ‘gig economy’, others (IDS again) the ‘flexible working practices which make us the envy of the rest of Europe’. So we’ll see.
“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.
