IR35 - Revenue to clamp down on builders again!
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A clampdown by the Inland Revenue on the tax treatment of subcontractors in the construction industry will be repeated next April in an effort to recoup £120m in lost tax revenues, reports AccountingAge.
Earlier this month, the Revenue sent 13,000 letters to contractors, and 56,000 to subcontractors, in an effort to crack down on disguised employees in the construction industry. The move mirrored the department's IR35 battle with IT subcontractors.
Read the full article here.
Posted August 19, 2004
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