We are beginning to see ripples of the potential disaster appearing now, but this article is highlighting it.
https://www.contractoruk.com/news/00...e_madness.html
This quote in particular
https://www.contractoruk.com/news/00...e_madness.html
This quote in particular
There are instances of companies using contrived Status Determination Statements backed up by insurance policies that won’t actually pay out, leading contractors in to a risky situation as they are not challenging an incorrect determination, and then carrying on not paying the right amount of taxes, because they believe the employer will cop the bill, or the insurance policy will cover their debt.
“It really isn’t becoming of a government department to hand out lengths of rope with which taxpayers can hang themselves. So HMRC needs to shape up very quickly here, or there will be another Loan Charge-type disaster looming for contractors,” Ms Walsh said.
“It really isn’t becoming of a government department to hand out lengths of rope with which taxpayers can hang themselves. So HMRC needs to shape up very quickly here, or there will be another Loan Charge-type disaster looming for contractors,” Ms Walsh said.
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