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Double taxation of IR35 could end by 2024

by Susie Hughes at 13:05 05/05/23 (News on IR35)

The Government has suggested that if it was to end the ‘double-taxation’ of IR35, the intention is that these measures would come into effect in April 2024.

The Government recently launched a consultation into the double taxation of IR35, which sees HMRC fail to offset tax already paid by a contractor in the event that a business is found to be non-compliant under the off-payroll working rules. Advertisement In this document, HMRC states that if the proposals were to be brought forward, it would likely happen in the next tax year. This has been welcomed by IR35 experts, Qdos. Their CEO, Seb Maley said: “Time is of the essence here. The double-taxation of IR35 is a fundamental flaw of the off-payroll working rules. The sooner the Government introduces this long overdue change, the better for everyone. “As things stand, HMRC completely ignores the tax already paid by a contractor when it issues an IR35 bill to a business for non-compliance. It’s completely illogical and has resulted in thousands of contractors being unfairly forced onto the payroll.” Further IR35 information For more information about all aspects of IR35, including the controversial IR35 reforms see Shout99's News on IR35 section. Tweet -- If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'. - Susie Hughes © Shout99 2022

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