Controversial tax changes will pile burden onto businesses and leave contractors worse off Next Tuesday, long-delayed changes to a controversial tax rule will come into force and pile on an additional burden on companies already reeling from the effects of the pandemic. The rule, known as IR35, was originally designed to limit tax avoidance but it has caused dismay for employers and contractors alike. Before now, it has [...]
Watch out for IR35, the tax rule that could ruin your business If you haven’t yet heard of IR35, the controversial tax rule, it’s time to start learning. The rule, designed to limit tax avoidance through “disguised employment”, already means that off-payroll workers who would otherwise be deemed directly employed are taxed at the same rate as employees. But from April the law changes: it will be [...]
