Branding the hated tax measure as ‘misconceived’, Gerald Barling QC, representing the Professional Contractors Group, said that from the outset the government foresaw that most of an estimated 90,000 affected companies would close down.
He said: ‘The effect of IR35 is to seriously disadvantage the affected companies in relation to their competitors to the extent, in fact, of forcing many small contracting businesses to wind up or leave the country.’
The PCG claims IR35 breaches the European Convention on Human Rights because it unfairly discriminates against small businesses. The hearing began on Tuesday and was expected to last until today, with a ruling coming as soon as next week.
For up-to-date reports of the court case visit www.accountancyage.com.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season