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Friday, 25 March 2011

IR35 here to stay....

IR35 will remain in place, announced the Government in this week’s Budget, despite its criticised complexity.  The controversial freelance tax rule, details whether, for tax purposes, freelancers are treated as employed or self-employed.

The Government has introduced measures to better administer IR35 and has announced that an IR35 forum is to be formed that will monitor HMRC’s approach, along with the set up of a dedicated helpline  which will be manned by specialists. Review will be restricted to high risk cases.