• IR35 Update

    IR35 is a piece of tax legislation announced in 1999, which took effect from April 2000. The legislation means that the Revenue can tax some contractors as though they are employees of their clients. Contractors caught by IR35 pay significantly more tax reducing their take home pay by up to 25%.

    Earlier this week HMRC announced that it is to withdraw the business entity tests (BETs) intended to help taxpayers assess whether they might be caught by the IR35 legislation, after a review conducted by the IR35 Forum found that the tests were used 'very little' and were not fulfilling ...

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