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And if you think that means Starbucks, Google or Vodafone, think again. It means YOU mofo !
I'm sure if we gave well paid directorships to MPs, we would be aloud to perform aggressive tax avoidance like those multinationals the government is so intent on letting HMRC give sweetheart deals
Socialism is inseparably interwoven with totalitarianism and the abject worship of the state.
No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent.
1.175
To improve tax compliance among small businesses,
the government will legislate
to give HMRC the power to acquire data from online business intermediaries and
electronic payment providers to help identify businesses that are trading but not
declaring or paying tax
. HMRC will consult on these proposals in July 2015
and
1.180
The government recognises that many individuals choose to work through their own
limited company. However, where people would have been employees if they were providing
their services directly, anti
‑
avoidance legislation commonly known as IR35 introduced in 2000
requires that they pay broadly the same tax and National Insurance as other employees. As
highlighted by reports from the Office of Tax Simplification and the House of Lords, it is clear
that IR35 is not effective enough. Non
‑
compliance in this area is estimated to cost over £400
million a year.
1.181
The government has asked HMRC to start a dialogue with business on how to
improve the effectiveness of existing IR35 legislation
.
The government wants to find a
solution that protects the Exchequer and improves fairness in the system.
Comment