helping you keep what you earn
What’s the point of IR35?
December 2, 2011It looks like calls to scrap IR35 will fall on deaf ears.
Many people have asked what is the point of keeping it where there have only been 322 cases examined in the last 5 years.
Well, the advantage to HMRC of the legislation is the deterrent effect. It has been calculated that there are millions of tax being paid by thousands of contractors who opt to stay on PAYE rather than go truly freelance. So it look to me that IR35 is sadly here to stay.
Posted in: IR35, Profit, Protection, tax, Taxes
