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The government has confirmed the reversal of nearly every tax cut announced in the September’s mini-budget, although the stamp duty cut for house purchases will remain. The announcement was made earlier today by chancellor Jeremy Hunt, who replaced Kwasi Kwarteng on Friday last week. Today’s cancelling of much of the
News of the government’s plans to scrap the IR35 reforms took the contracting world by surprise, but IT contractors are being warned off making hasty changes to the way they work just yet.
HMRC has been criticised for not going further to stamp out umbrella employment schemes that involve tax avoidance.
The treasury has today announced that reforms to IR35 will be abandoned from 6 April 2023. This means that contractors working via an intermediary will be responsible for paying their tax and national insurance contributions. The move reverses reforms first made in 2017 for the public sector and then expanded into
The government's decision to repeal IR35 reforms has been hailed a victory for independent contractors.