IR35 consultation published by HMRC
Measures designed to protect the exchequer have been revealed by HM Revenue and Customs, who say that they are keen to hear from people who have ideas which could help them to improve the current system.
They are keen to receive any of the following:
Evidence which can show that intermediaries other than personal service companies could fall under the remit of IR35
Details of the way that PSC’s are currently operating under IR35 and any evidence that shows how the current rules and regulations create issues for the individuals and businesses which are governed by them
Proposals which could help the department to come up with a better way to implement IR35 in line with the department’s stated objectives which are: protecting the exchequer, ensuring that the playing field is levelled between directly employed individuals and those who work for themselves through their own limited companies.
They are also keen to hear from anyone who might have ideas that could help them to ensure that the engager takes a more active responsibility for IR35. They are particularly keen to gain an understanding of whether that approach would be effective, and how to make it as easy and straightforward as possible. This means identifying sectors where this could be more challenging and finding ways to minimise any additional administrative burden on those who would need to comply with any changes.
HMRC are keen to reassure contactors and freelancers that their submissions will be anonymous and that their personal experiences and ideas will be taken into account when considering the next move for the legislation.
If you are a freelancer or contractor and want to know more about the intermediaries’ legislation and how it could affect you, then our guide to IR35 can help. You can also get a more general picture of contractor tax and how you can keep on top of your finances, as well as using our take home pay calculator to understand your finances better.
If you want to know more about the intricacies of IR35, including how it applies to you and how to make sure that you get to keep as much of your contract value as possible then call our new business team 01442 275789, book a meeting or email your enquiry to firstname.lastname@example.org.