Last week, our Accountants in Wimbledon had some great advice about IR35, and now Harnett Accountants Kingston brings you this report on IR35 from the Accountancy Age website:
“IR35 has not been the taxman’s favourite subject in recent times.
It has been the source of various controversies; not least the 2,000 senior public office holders engaged off-payroll, potentially affording them lower tax bills.
The IR35 legislation is designed to make sure tax and national insurance are not avoided by would-be employees working as freelancers.”
source: full article
The taxman has already brought in fives times the amount in IR35 cases in 2011 as it did in the previous year, and this is expected to rise even further from now as specialist teams have been put in place to investigate IR35 cases. This comes as it was revealed that over 2000 highly paid public officials were being paid “off payroll,” and the BBC has been employing over 25,000 members of staff in this way, 3000 of whom run their own private companies.
If you need advice about IR35, please call our accountants in Kingston on 020 8977 3883 or contact us through our website. Also you can follow us on Twitter, Facebook and Google+. Additionally, you can keep reading our daily blogs.
Leave a Reply
You must be logged in to post a comment.