IR35 stays...

[dx4100]

the Government commits to making clear improvements in the way IR35 is administer...

Worse of all the options ?

[malvolio]

the Government commits to making clear improvements in the way IR35 is administer...

Worse of all the options ?

Not if it means they only go after people who should be in scope and leave the other 99% of us alone... Thre's more to this than meets the eye, I suspect.

[dx4100]

Not if it means they only go after people who should be in scope and leave the other 99% of us alone... Thre's more to this than meets the eye, I suspect.

Big if though... Given the past...

Ah well, business as usual at worse I suppose...

[malvolio]

Big if though... Given the past...

Ah well, business as usual at worse I suppose...

I dunno; the OTS report did talk about defining who was liable to IR35. I think we should wait and see before we get too pessimistic. And don't forget, if (when) they merge PAYE and NICs, IR35 ceases to be. So in one way, we're getting there.

But personal allowance increases and 45p a mile will put more cash in our pockets, so there is good news.

[SorenLorensen]

PCG led up the garden path by the Tories. Major fail.

[dx4100]

I dunno; the OTS report did talk about defining who was liable to IR35. I think we should wait and see before we get too pessimistic. And don't forget, if (when) they merge PAYE and NICs, IR35 ceases to be. So in one way, we're getting there.

But personal allowance increases and 45p a mile will put more cash in our pockets, so there is good news.

2.203 IR35 – Following the publication of the OTS review of small business tax, the
Government commits to making clear improvements in the way IR35 is administered. These
improvements will include setting up a dedicated helpline staffed by specialists, publishing Budget
guidance on those types of cases HMRC view as outside the scope of IR35, targeting compliance
activity by restricting reviews to high risk cases and setting up an IR35 Forum which will monitor
HMRC’s new approach. The Government has decided to retain IR35, as abolition would put
substantial revenue at risk.

I fear a lot of that 99% will still be worrying about their status going forward. Its all a bit crap on first reading. Like you said though I suppose we have to wait and see what comes out.

[Fred Bloggs]

the Government commits to making clear improvements in the way IR35 is administer...

Worse of all the options ?

That's the best possible outcome. Most of us have learned enough to cope with IR35 perfectly well. I want it left exactly how it is. This is great news, I'm very pleased.

[Nixon Williams]

I dunno; the OTS report did talk about defining who was liable to IR35. I think we should wait and see before we get too pessimistic. And don't forget, if (when) they merge PAYE and NICs, IR35 ceases to be. So in one way, we're getting there.

But personal allowance increases and 45p a mile will put more cash in our pockets, so there is good news.

The Chancellor did state that after a merger of tax and NIC, the rate of rate would not increase on currently "NIC free" income. So this would imply that the tax on dividends and interest would not change, therefore this would not, on the face of it, solve the IR35 problem.

Based on the above, most contractors would not pay more tax after a merger of tax and NIC.

The mileage rate above 10,000 miles remains at 25p per mile.

Alan

[simondolan]

That's the best possible outcome. Most of us have learned enough to cope with IR35 perfectly well. I want it left exactly how it is. This is great news, I'm very pleased.

Agreed. Maybe the second best possible outcome (obviously complete abolition would have been nice).

I think that they will now leave IR35 alone until the merger of income tax and NI (which I'd predict won't be for at least another 5 years, if ever!)

[BrandNewCUKUser]

2.203 IR35 – Following the publication of the OTS review of small business tax, the
Government commits to making clear improvements in the way IR35 is administered. These
improvements will include setting up a dedicated helpline staffed by specialists, publishing Budget
guidance on those types of cases HMRC view as outside the scope of IR35, targeting compliance
activity by restricting reviews to high risk cases and setting up an IR35 Forum which will monitor
HMRC’s new approach. The Government has decided to retain IR35, as abolition would put
substantial revenue at risk.

I fear a lot of that 99% will still be worrying about their status going forward. Its all a bit crap on first reading. Like you said though I suppose we have to wait and see what comes out.

Oh great, a helpline. I'm sure that'll be really useful. What a joke.