Tax and NIC increases in store but 'income shifting' proposals deferred

What does the pre-budget report mean for smaller businesses? Andrew Hubbard shares his initial assessment and observes that "our current approach to taxing small business is a mess" . This week's issue of Tolley's Practical Tax newsletter has more on this and:

PBR round-up - a summary of the main direct tax measures and related announcements; HMRC should consider using private debt collection agencies, says NAO; Transfer pricing inquiries yield over £500m; Working Together group offers self assessment workarounds.