I have to say my first reaction to this was anger, that these ‘Top Tories’ would think that enough of the voting population would be shallow enough not to see through such an obvious election bribe. Maybe they’re right, but it’s a more than a little desperate, isn’t it and very much targeted at the at-risk Blue Wall. Noone likes paying Stamp Duty, and noone’s family likes paying IHT. But they would of course, be stealthily replaced by, respectively, some other form of transaction and gift tax, the argument being that both would bring us more in line with other countries’ systems. Rejoining the World rather than asserting our independence. Cynical? Moi?
“Jeremy Vine latest to face HMRC in IR35 battle”
Yes, you heard it here first, there was something good in Liz Truss’s mini-budget: she abolished, or tried to abolish IR35. The ‘IR’ stands for Inland Revenue, so you can see it’s a regulation, or attempt at a regulation, which goes back to pre-HMRC days (that’s when it was merged with Customs & Excise, kids etc.).
