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Sole traders blame HMRC for cash in hand ‘trap’
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Sole traders blame HMRC for cash in hand ‘trap’
standfirst: Informal workers blame ‘punitive treatment from HMRC’ for trapping them in cash-only work with ‘institutional distrust’ leaving business off the booksWith an estimated 10% of the economy operating off the books, in the so called hidden economy and the tax gap reaching £59.2bn in 2025-26, University of Loughborough says informal workers and sole traders such as plumbers, builders and hairdressers are being left outside the formal econ…
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