Page 8 - Dave Chaplin News Today

The Chancellor has today committed to repealing the Off-payroll legislation, which were supposed to reform IR35, but instead held businesses back.

The government has confirmed that the 2017 and 2021 roll-out of the IR35 reforms to the public and private sectors, respectively, will be repealed in April 2023.

Chancellor Kwasi Kwarteng is due to announce a mini emergency budget tomorrow (23 September) as the new government makes its first attempt to address the UK's cost of living crisis.

The contractor community is patiently awaiting the outcome of this Friday’s mini-Budget, with hopes for some concrete details on the Prime Minister’s proposed IR35 review and news of a corporation tax cut.

Several months have passed since the Public Accounts Committee issued its damning report on the fallout from the introduction of the IR35 reforms in the public sector, and HMRC has shared its feedback on its contents.

HMRC has issued a response to concerns raised by the PAC on IR35, ruling out greater alignment between tax status and employment rights.

Conservative leadership candidate Liz Truss this week pledged to review IR35 regulations if she becomes prime minister, but critics have said it needs complete reform.

As Liz Truss continues her Conservative Party leadership campaign, she tells the national press of her plans to review the IR35 rules should she succeed Boris Johnson as prime minister

HS2 has become the latest public sector entity to have fallen foul of the IR35 rules, with its accounts confirming that it is anticipating a tax bill of £9.5m for failing to assess the status of contractors provided to it by a third-party

HMRC suspects large businesses have underpaid their Employers’ National Insurance contributions to the tune of £1.4 billion, according to law firm Pinsent Masons.