Want to know how much Hector has earned from IR35?

[Pickle2]

cock.

[Doggy Styles]

£9.2 million.

That's not every year, that's from when it started... when, incidentally, they were expecting to get £220m a year just from the extra NICs

Good to know they got their sums right, isn't it...

Wait a minute, that is wrong.

£9.2 million is only the amount gained from compliance activities (the IR/HMRC investigations into individuals).

IR35 has actually earned the government more than 100 times that, from contractors who simply ticked the box and rolled over, or joined umbrellas.

It is still proving to be an earner.

[Fred Bloggs]

They must pick up 00's of millions from brolly users who would have been using Ltd Co's if IR35 wasn't there. I should think IR35 scare tactics are a nice little earner for them.

[Platypus]

Wait a minute, that is wrong.

Good Lord - the PCG putting around scare stories and iffy stats? Never!

[malvolio]

Wait a minute, that is wrong.

£9.2 million is only the amount gained from compliance activities (the IR/HMRC investigations into individuals).

IR35 has actually earned the government more than 100 times that, from contractors who simply ticked the box and rolled over, or joined umbrellas.

It is still proving to be an earner.

See my earlier post. I make it around £150m a year. Even if I'm out by a factor of 5, which I don't think I am, it's still less than they were predicting they would get.

[Doggy Styles]

See my earlier post. I make it around £150m a year. Even if I'm out by a factor of 5, which I don't think I am, it's still less than they were predicting they would get.

Yes, I remember Dawn's £900 million.

The original post read as though it was comparing an actual £9.2 million with an expected £220 million per year, which I'm sure you didn't mean but it was inadvertently misleading.

[xoggoth]

I suggest nobody talks to Dim for using the phrase "hard working people" without sneering.

[Fred Bloggs]

The HMRC scare tactics work. There's three staff blokes here who are ex-contractors and they're always itching to bring the conversation round to IR35 and the risks involved. It justifies to them their decision to go staff status.

[OwlHoot]

Highlighting the small amounts raked in by IR35 compliance investigations could backfire if, God forbid, Labour squeeked in yet again at the next election, in that it could prompt public and parliamentary support for more stringent rules.

For example, isn't there some proposed new rule that dividends from a company should be taxed under PAYE if more than 50% of the company's profits derive from services performed in person by its directors? Sorry if this is well-known and has been kicked around here for years.

P.S. In the present economic climate even the Tories might be tempted to do something similar.