Hunt scraps VAT-free shopping and presses on with IR35 reforms

Chancellor Jeremy Hunt has reversed nearly all of his predecessor Kwasi Kwarteng’s tax cuts, loading more onto the shoulders of Britain’s 5.6 small businesses.

by | 17 Oct, 2022

In particular, the Chancellor has abandoned:
  • Reversal of off-payroll working reforms introduced in 2017 and 2021
  • VAT-free shopping scheme for overseas visitors
  • Tax reductions on dividends for company director

Read more at smallbusiness.co.uk

More from Financial Accountant

How the UK’s rollback of banking regulations could risk another financial crisis

How the UK’s rollback of banking regulations could risk another financial crisis

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

Share This