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IR35 - FSB calls for business tax overhaul

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A commitment to overhaul the tax system for small businesses, including the abolition of IR35, should be a priority for politicians in the run-up to the next election, according to the FSB.

Tax emerged as the main concern voiced by small business owners when they were asked about election issues by the FSB, a lobby group with 185,000 members. Complaints mostly focused on disproportionate penalties for late returns and "draconian" tax inspections.

It also called for the abolition of the IR35 legislation, which was introduced in 1999 in an effort to clamp down on freelancers providing their services through a company or partnership as a mean of avoiding tax. Many small consultancies view this legislation as complex and unfair.

Read the full story in the Financial Times.

Posted February 15, 2005
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