Advisers are bracing themselves for ‘a new IR35’, after the government darkly
hinted in last week’s Budget that it planned to move on composite companies.
In a clause in the Budget
documents, the tax authorities said there was ‘evidence of agencies,
contractors and employers requiring workers to use corporate
structures… thereby avoiding paying tax and national insurance
The Treasury said that it would consult on moves to tackle the problem. The
suggestions are a throwback to the controversies of IR35. The move hit many
small IT contractors simultaneously, causing some of the most heated tax rows in
Francesca Lagerberg, national tax director of Smith & Williamson, said
such composite companies replicate the features of those service companies on a
larger scale, and could be caught by IR35.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...