Weekly tax brief | 14 November 2018

Tax crime adds to the misery of the age of austerity
George Bull 
The age of austerity may be coming to an end, but how much has it cost? And how different would it have been if tax evaders, people in the hidden economy and those responsible for criminal attacks on the UK tax system had paid the taxes they ought to have paid?

Small businesses excluded from IR35 reform for the private sector, but what constitutes small?
David Williams-Richardson 
The Government has clearly listened to concerns raised during the IR35 off-payroll consultation process and intends to exclude small businesses from the forthcoming rules for private sector business. However, what constitutes a small business?

Why the trust consultation shouldn't cause sleepless nights
Chris Etherington 
A consultation was published last week that sets out the government’s view on how to make trusts ‘fairer, simpler and more transparent’, a commitment made in the Chancellor’s Budget in 2017. After nearly a year speculating on the meaning of those five words and whether they carried some ominous intent for trustees, are we now any clearer on what the future might bring?


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