TaxAdministrationTreasury could delay ‘third-party’ freelance tax rule

Treasury could delay 'third-party' freelance tax rule

Rule to make third parties responsible for freelancer tax debts could be delayed

The Treasury could delay implementing one of the most controversial parts of
freelance tax law changes, due in April.

Reports suggest that the Treasury could delay the introduction of the law to
make third parties liable for tax debts of contractors, which was meant to be a
key part of the government’s fight against tax avoidance by individuals
through composite companies.

Accountancy
Age
showed fears among the accounting community that the
third-party rule could put clients’ tax burden
onto tax advisers
.

Further reading:

Composite rush poses threat

Tax crackdown on MSCs boosts company registrations

Composites face £1bn tax doomsday

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