Conservatives to Scrap IR35?
Not an "Any Answers" question admitedly, but I've just picked this up:
According to Guido Fawkes:
HMRC’s IR35 tax regime is hated by IT contractors and freelancers, the Shadow Business Minister, Mark Prisk confirmed today that:
“For the last 13 years, Labour have constantly meddled with the tax rules for freelancers and self-employed. IR35 has especially proved to over-complex, uncertain and often unfair. At a time when Britain should be open for business, Gordon Brown has made it harder to be self-employed. This is why a Conservative Government would mandate the independent Office of Tax Simplification to undertake a fundamental review of current arrangements with the aim of providing a clearer, lasting and fairer tax regime.”
Of course, the big question will be, what will they replace it with? I doubt there'd be a big tax break for contractors, but at least there might be some more clarity/simplicity?