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On or off?
KEY POINTS
- Anticipated changes to IR35 in the private sector could cause difficulties for organisations that engage contractors.
- Changes in the public sector have seen contractors over-taxed and subject to ‘false employment’.
- Recent activity by HMRC has stoked non-compliance among contractors.
- Firms and contractors have little time to get practices in place to prevent damage to the private sector.
- Tax advisers need to provide expertise and help clients prepare for drastic changes.
Tax advisers dealing with contractors and contractor-hiring firms can expect a heavier workload in future courtesy of the ever-contentious IR35 rules. All indications point towards a change to the tax legislation in the private sector coming as soon as April 2019 in a move that could have disastrous consequences for clients.
IR35 removes the tax advantages of limited...
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