Revenue considers retrospective taxation - papers 31st Jan

The change would be the first such move since the 13th century (Magna Carta) and would enable the Revenue to deciding whether someone has paid the "proper" amount of tax, but is essentially designed to try and stop City workers being paid bonuses in a way which avoids tax and NI contributions. It could mean legal tax schemes which are then deemed illegal by the Revenue would generate a retrospective tax bill which could even affect employees taking childcare vouchers from their employer. THIS IS NOT likely to be helped by the fact around one in 10 self assessment forms are unlikely to...