HMRC prepares £1.3bn tax squeeze on self-employed

The UK's HMRC is planning a significant £1.3bn tax initiative targeting self-employed individuals to bring their tax treatment more in line with that of employees, whose taxes are deducted regularly from their paychecks. This move aims to ensure that self-employed workers contribute more consistently to tax revenues, potentially altering the financial landscape for freelancers and contractors. The broader implications could include changes in business practices and financial planning for the self-employed, highlighting a shift in how the government approaches tax collection. For more details, check out the Financial Times article.