Susan Ball and David Daly review HMRC’s recent guidance, consultation and the implications for contractors and engagers.
How did we get here?The 1999 Budget introduced measures to counter tax avoidance by the use of so-called personal service companies. Properly known as the ‘intermediaries legislation’ it is more commonly referred to by the consecutively numbered Budget press release (number 35) in which it was announced. The legislation is now commonly referred to as ‘IR35’.
The aim of the legislation is to eliminate the avoidance of tax and NICs through the use of intermediaries such as personal service companies (PSCs)...
