This week on The Tax Factor, Malli Kini and Stefanie Tremain show why precision matters in both politics and tax with Nigel Farage learning the hard way that there’s a big difference between “I” and “we.”

The conversation then turns to the ICAEW’s warning about Government plans to regulate tax agents. While the idea might sound straightforward, could it actually make the system less effective rather than more secure?

And finally, the National Audit Office reports that HMRC is losing billions to small business tax evasion including more than £800 million through the practice of phoenixing but it also warns there doesn’t seem to be an effective strategy to deal with it!