IR35 review confirmed

[dx4100]

They just confirmed this....

We will review IR 35, as part of a wholesale review of all small business taxation, and seek to replace it with simpler measures that prevent tax avoidance but do not place undue administrative burdens or uncertainty on the self-employed, or restrict labour market flexibility.

Business | Programme for Government

[Darren@UptonAccountants]

Ir35

Look forward to the details being published. Be interesting to see how they're going to define the difference between an employee and the self employed.

[CheeseSlice]

Look forward to the details being published. Be interesting to see how they're going to define the difference between an employee and the self employed.

By introducing 'simpler measure', and removing 'undue uncertainty', they just mean we will all be IR35 caught from now on
Kerching for the tax man.
Simples.

[Sally BFCA]

They just confirmed this....

We will review IR 35, as part of a wholesale review of all small business taxation, and seek to replace it with simpler measures that prevent tax avoidance but do not place undue administrative burdens or uncertainty on the self-employed, or restrict labour market flexibility.

Business | Programme for Government

...I dread to think what they will come up with

[Darren@UptonAccountants]

Ir35

...I dread to think what they will come up with

Whatever it is, I'm sure will be able to pick it to bits.

[Sally BFCA]

Whatever it is, I'm sure will be able to pick it to bits.

It will keep us on our toes. I'm rather bored with IR35 now, need a new challenge!

[Wanderer]

We will review IR 35, as part of a wholesale review of all small business taxation, and seek to replace it with simpler measures that prevent tax avoidance but do not place undue administrative burdens or uncertainty on the self-employed, or restrict labour market flexibility.

Oh great. So they will review it in such a way that we pay LESS TAX??? Umm, I don't think so, they will make it more "fair" so we will end up paying more. Betcha.

[d000hg]

Some people will definitely be paying less tax. Whether we'll be amongst them or not... maybe it will even depend how profitable you are. A 1-man company grossing £100k profit could quite sensibly be classified for higher tax, a self-employed person bringing in £30k, it's a big difference.

[jimjamuk]

thing is - I dont actually care what they change it to as long as its clear whether you are in or out

[dx4100]

What he said...