Liz Truss &IR35

[SussexSeagull]

It's good because having someone other than you, the HMRC and your accountant having a say in your tax affairs was fundamentally wrong. However my understanding is we have rolled back to before the changes in 2017, so potentially the government can point to this in public while the HMRC continue, or increase, investigating incorrect determinations behind the scenes.

[eek]

It's good because having someone other than you, the HMRC and your accountant having a say in your tax affairs was fundamentally wrong. However my understanding is we have rolled back to before the changes in 2017, so potentially the government can point to this in public while the HMRC continue, or increase, investigating incorrect determinations behind the scenes.

The problem with that argument is that Chapter 8 IR35 investigations are incredibly time consuming. The whole point of the 2017 and 2021 changes were to make things far easier HMRC to investigate and deal with.

[Paralytic]

..literally no-one was expecting it or prepared for it...

Except literally the author of the article linked to in the first post and those that read it and those that read this thread and didn't immediately dispute it out of turn

[eek]

Except literally the author of the article linked to in the first post and those that read it and those that read this thread and didn't immediately dispute it out of turn

No the article said it was to be reviewed. Everyone was expecting a review that HMRC would then put the kybosh on it so it never went anywhere.

Literally no-one was expecting the IR35 changes to be reversed - they expected them to be (at best) revised and with the insaner bits removed...

[Lance]

Except literally the author of the article linked to in the first post and those that read it and those that read this thread and didn't immediately dispute it out of turn

except there was/is no link to an article for anyone to read.
So it wasn't disputed out of turn. It was disputed as a) there was no citation, and b) it's plainly bonkers.

It seems #thicklizzy is crazier than we thought (although exactly as crazy as she claimed to be to win the vote).

[Cookielove]

I read it in an accounting journal that she would "review the IT 35 situation"...seems like she has which is great news...

"Chancellor Kwasi Kwarteng has announced that the UK government will scrap the 2017 and 2021 reforms to the IR35 off-payroll working rules"

[northernladuk]

I smell a ton of stickies will be required. Can I re-open my LTD after MVL, Can I switch outside from inside at my current client and one about what's actually happened and what it means.

I hope Cojak has a bit of time on her hands.

[Cookielove]

Who would have thought hey!!! Good news we got Liz as PM and not Rishi lol!!

[eek]

I smell a ton of stickies will be required. Can I re-open my LTD after MVL, Can I switch outside from inside at my current client and one about what's actually happened and what it means.

I hope Cojak has a bit of time on her hands.

It's not re-open my LTD it's start a new limited.

If cojak wants content for those I'm happy to write it..

The inside to outside 1 is more difficult because it's the complete absence of an SDS that would be the determining factor there...

[Lance]

Who would have thought hey!!! Good news we got Liz as PM and not Rishi lol!!

lol indeed.

I have just had nearly 10% of real value wiped from everything I own (house, cash, pension, assets, the lot) in less than a week....
I'd rather have kept IR35 as it was, and paid more income tax.

The only silver lining was I made £800 from Bitcoins (or should I say "I bought a dip in the £££. Let's hope it stops dipping").