The Loan Charge – How It Will Impact Freelancers in 2019
Over the past three months, HMRC has hit the headlines as they have aggressively stepped-up their continuing efforts to reclaim unpaid tax through specific schemes they now define as tax evasion/avoidance under law. The new 2019 Loan Charge changes adopted by HMRC go back to the Finance Act 2017 which empowered the Treasury to go after tax avoidance with fervour. However, the Loan Charge will...