Chancellor Alistair Darling has been urged to drop the controversial IR35 tax
rules in his pre-Budget report in order to help struggling contractors and
freelancers through the recession.
The Professional Contractors Group said that freelancers had become one of
the first victims of the recession, with turnover falling by a third and the
number of freelancers in work dropping 12% over the last year.
It argued that removing the “largest single impediment to freelance working”
would improve contractors’ ability to retain work and would cost the government
little, according to
In a letter to Darling, PCG chairman Chris Bryce said the legislation creates
massive and crippling uncertainty for freelancers and that “IR35 is not known to
be a revenue-raising measure”
Bryce also asked the government to drop its proposals on income shifting,
which has already been postponed.
“Treating jointly-owned businesses any differently to other businesses is
iniquitous and unfair,” he said. “These proposals fail to take into account the
shared risk and responsibility involved in running a business, and would harm
thousands of such enterprises.”
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said