Tax relief reforms and tax rate reforms should go together
Tax experts have said that tax relief reforms should be implemented in conjunction with a reform of the actual rates of taxation.
Contractors must make sure their tax affairs are in order
HMRC is likely to become more vigilant when it comes to scrutinising the tax affairs of umbrella company contractors, freelancers and entrepreneurs.
Reviewing IR35 will not be a quick process warns the OTS
The REC has written to the chairman of the Office of Tax Simplification highlighting the importance of a comprehensive review of the IR35 regulations.
Two interim tax experts are heading the OTS
The Office of Tax Simplification was officially established by George Osborne and David Gauke, the Exchequer Secretary, on Tuesday.
