Top earners face massive HMRC bill after taxman tweaks rules to target elite

High-earning professionals face large tax bills as HMRC targets those manipulating self-employed status. Changes in rules aim to prevent tax avoidance among elite earners. The crackdown may lead to hefty payments for both individuals and businesses. Labor pledges to raise £4.7bn by combatting tax errors. HMRC’s new approach could result in significant financial implications for firms. HMRC aims to prevent disguised employment and reclaim underpaid taxes using targeted anti-avoidance rules. Expect a rise in HMRC enquiries as firms adjust to the new guidelines.