TaxPersonal TaxContractors await IR35 guidance

Contractors await IR35 guidance

Contractors are still waiting for guidance on IR35 from the Inland Revenue before they make tax returns, bringing them dangerously close to the 19 April deadline.

Last week the Professional Contractors Group lost its High Court battle to overturn the hated tax measure but says guidance for IR35 needs changing as a result.

Many contractors are waiting for guidance after putting off early preparations for tax returns, as they expected the PCG, which recently appointed Jane Akshar as its new chairman, to win its action.

Susie Hughes, PCG spokeswoman, said: ‘Our members have been in a climate of uncertainty for two years. It’s for the Revenue to clarify things.’

A Revenue spokesman said there was criticism in the judgement but no ‘direction’, and so new guidance will not be issued.

Many believe much work still needs to be done around IR35, with one high-profile campaigner calling for an urgent test case before Revenue commissioners to establish guidance and rules.

Links

IR35: Contractors escape double tax hit

Tax Faculty clarifies IR35 situation

AccountancyAge.com IR35 resource centre

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