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IR35 tax - Research suggests review is needed |   |
Supporters of a complete review of tax laws for small business have been given ammunition by new research suggesting the ever-changing taxation system has had a detrimental effect on business, including amongst other tax laws, IR35.
The study found that more than 50% of respondents thought IR35 was a 'big problem'. Conducted by Dr Alan Southern of the University of Liverpool management school and the Small Business Research Trust, the study supports calls for a complete review of how the taxation system is applied to small businesses.
Read the full IR35 article at AccountancyAge.
Posted July 7, 2004
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[June 23, 2008] HMRC has published an updated employment status leaflet which aims to help people decide if they are "employed" or "self employed" - as this will determine how much tax and NI contributions they pay.
[November 1, 2007] Some high level pointers to whether you are deemed to be "employed" or "self employed" according to the IR35 tax rules
[September 12, 2007] IR35 tax overview which may impact small business owners and IT contractors, particularly 'one man bands' working on client sites.
[February 28, 2006] The difference in the tax treatment of contractors whose work falls inside and outside the IR35 rules.
[February 18, 2006] A listing of all the key Inland Revenue IR35-related documents, including IR35 FAQ's and where to find help if you are concerned about the effect IR35 may have on your small business.
[January 4, 2006] The key to determining if you are caught by the IR35 rules - are you deemed to be "employed" (and therefore within IR35), or "self-employed" (and therefore outside the rules).
[November 16, 2005] The Professional Contractors Group is pressing the Government for details of the cost and efficiency of IR35 investigations after figures revealed a "success" rate of less than 1 per cent for HMRC.
[February 15, 2005] 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.
[January 3, 2005] Taxes on small businesses, including IR35, could be cut by more than £500 million a year under proposals being published today by the Tories, according to a report in The Telegraph
[September 3, 2004] A discussion paper released by the Chartered Institute of Taxation and Tax Faculty states that the IR35 rules are 'fundamentally flawed' and that the IR35 legislation should be replaced with a much clearer system for determining employment status.
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