Abolishing the IR35 regime and exempting husband and wife businesses from the settlements rules are among options being considered by the Conservative Party, whose leader pledged yesterday to reduce taxes "when we can".
A consultation paper 'Small Business Taxes - A New Direction' released this week also proposes that abolition of the non-corporate distribution rate of corporation tax be considered.
Yesterday, party leader Michael Howard pledged that his party would act for the "forgotten majority" whose only reward under Labour had been "to pay higher taxes".
Howard said: "A Conservative Government will give taxpayers value for money by spending on people's priorities like schools and hospitals. When we can, we will lower taxes. We need to reward hard work and enterprise."
The paper is the la...