The latest changes to the treatment of capital and income is our Government's latest and, from their perspective obvious attempt to cut the burgeoning one man consultancy businesses down to size.
And on the face of it, it makes perfect sense. If you look like an employee, effectively take the same risks as an employee (ie none) then why should you benefit from a tax rate of 10% as opposed to 40%.
This is an over-simplification, but I remain concerned about a number of things:
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