TaxCorporate TaxReaders unconvinced on IR35 progress

Readers unconvinced on IR35 progress

Following a poll, Accountancy Age readers are split on the effectiveness of IR35

DESPITE a rise in investigations and tax take, IR35 has yet to convince Accountancy Age readers of its effectiveness.

Of the 50 polled, 34% felt those abusing personal service companies can expect to be caught, while marginally fewer – 32% – felt the legislation is still “toothless”.

A significant minority of 29% branded the rule “totally ineffectual”, with just 5% seeing a small improvement.

The IR35 legislation is designed to ensure tax and national insurance are not avoided by would-be employees working as freelancers.

Investigations under IR35 have doubled in the past year, yielding £1m for the taxman.

Vote in Accountancy Age‘s latest poll:

Was George Osborne correct to drop plans for a ‘mansion tax’ on expensive properties?

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