Archive for Accountancy blog

IR35

HM Revenue & Customs recouped just £219,180 from enquiring into the IR35 status of workers between 6 April 2010 to 5 April 2011. The previous year saw a yield of  £155,502, according to information on the taxman’s website.

These figures confirm that the tax yield from IR35 is minimal and an unnecessary stress on genuine businesses. As detailed in the Budget this year, its administration is being reviewed. We follow with interest.