Thursday, 20 May 2010

Government to review IR35

The Chancellor has promised at his speech during the CBI dinner that the government will review the (unpopular) IR35 legislation as part of a “wholesome review of small business taxation” and it will seek to replace it with simpler measures. These plans “will prevent tax avoidance but will not place undue administrative burdens or uncertainty on the self-employed or restrict labour market flexibility”.

(Our comment: let’s hope simplification is not used again to tax self-employed even more!)

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