Reply to: IR35 repealed

[herman_g]

I don't think getting in to political discussion about who is in or out and which party in power is even remotely useful though.

Maybe not useful but quite relevant. Her wacky right wing ideas were the far end of the pendulum. Now time for a swing the other way.

[hugebrain]

Yes, junked along with everything else that didn't already have a legislative footprint, not surprising. Hard to reverse the SDLT cut, for example, as that was already in place.

Especially difficult if you have seven buy-to-let flats and several other properties!

[jamesbrown]

I can't believe my ears. Is it even legal to change proposed employment tax rules in such a short space of time after an announcement?
It's a total mess.

Eh? They aren't changing a thing. It's BAU. The legislative process to repeal it hadn't even begun.

[Fred Bloggs]

I can't believe my ears. Is it even legal to change proposed employment tax rules in such a short space of time after an announcement?
It's a total mess.

Yes it is.

[krytonsheep]

I can't believe my ears. Is it even legal to change proposed employment tax rules in such a short space of time after an announcement?
It's a total mess.

[Fred Bloggs]

So my tiny brain is clear. Hunt has cancelled the planned repeal?

Status Quo as of today regarding IR35?

Yes.

[jamesbrown]

So my tiny brain is clear. Hunt has cancelled the planned repeal?

Status Quo as of today regarding IR35?

Yes, Chapters 8 and 10 as usual (since 6 April 2021).

[GregRickshaw]

So my tiny brain is clear. Hunt has cancelled the planned repeal?

Status Quo as of today regarding IR35?

[jamesbrown]

Yes, junked along with everything else that didn't already have a legislative footprint, not surprising. Hard to reverse the SDLT cut, for example, as that was already in place.

[Fred Bloggs]

IR35 repealed

Oh no it's not......

[jamesbrown]

Whenever a reasonably non-ideological government comes into power, if it makes business sense, IR35 will be repealed then.

Good luck with that.

[herman_g]

"We will repeal 2017 and 2021 reforms to IR35" Kwarteng just said in his budget speech.

It was clear that was not going to last long. Until the whole Brexit gang is no longer involved in running the country, no real progress towards making the UK more liveable and more business friendly will take place. Whenever a reasonably non-ideological government comes into power, if it makes business sense, IR35 will be repealed then.

[jamesbrown]

To be entirely accurate, a director of a company holding a substantive post in another company has to be paid a salary net of taxation. That predates IR35 and was the rule that caused all sorts of problems in the early 2000s where senior civil servants were ignoring it (and that prompted the Alexander (?) review that was one of the drivers for the later reforms), the prime example being the Student Loan company case.

I doubt the office holder rule would apply to Fullbrook, although I could be wrong.

[GregRickshaw]

I think someone asked for this when it was available to watch.

https://www.kingsbridge.co.uk/landin.../#ir35-webinar

[malvolio]

On another, related not.... In fact back on topic.

Seems odd they'd back down on this. It's in line with the policy after all...
Plan to pay Liz Truss’s chief of staff through firm is dropped after criticism (msn.com)

To be entirely accurate, a director of a company holding a substantive post in another company has to be paid a salary net of taxation. That predates IR35 and was the rule that caused all sorts of problems in the early 2000s where senior civil servants were ignoring it (and that prompted the Alexander (?) review that was one of the drivers for the later reforms), the prime example being the Student Loan company case.