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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.

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

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