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New legislation will bring further reforms to Britain’s immigration system but in a way which ensures that the country still 'attracts people who will contribute and deter those who will not.'
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While a new National Insurance Contributions Bill was promoted as cutting the cost of recruiting new employees, the flip side to its content is a tightening up of loopholes which allow NI as well as tax avoidance.
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The theme of the Queen’s Speech has reinforced the idea that the Government's first priority remains strengthening Britain's economy and that new measures would help those who work hard to achieve and unleash their potential.
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A professional tax body has warned the Government that there needs to be adequate safeguards to protect innocent parties in its new 'naming and shaming' proposals.
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The morning after the Budget there was a mixture of reactions and emotions among the freelancing sector.
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The small limited companies were not on the Chancellor's mind when he announced a one per cent cut in corporation tax for businesses.
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Tackling tax avoidance remains high on the Chancellor's, and therefore HM Revenue and Custom's, agenda with the Budget announcement of action and consultation on a number of issues aimed at closing perceived schemes and arrangements to escape maximum tax contribution.
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One of the visions which kept materialising in the pre-Budget crystal ball gazing was whether or not the Chancellor would make any move on the office holders problem.
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The theme in this year's Budget was that it was to set free the 'aspirations of a nation'. Whether the nation felt suitable aspired when the Chancellor, George Osborne sat down 55 minutes later, only time will tell.
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At 12:30pm today (Wednesday, March 20) the Chancellor will present his Budget for 2013, setting out the Government’s plans for the economy and public finances in the year ahead.
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