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?

Comments
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Sorry to spoil the party but,

Guest1 |

Simple

Paul Scholes |
Paul Scholes's picture

NI on dividends?

GarethHughesFCCA |
GarethHughesFCCA's picture

Not good enough eh?

Paul Scholes |
Paul Scholes's picture

Quid pro quo

mikewhit |

The reason ...

nogammonsinanundoubledgame |
nogammonsinanundoubledgame's picture

Not always a choice available

Anonymous |

Here's a thought...

Old Greying Accountant |
Old Greying Accountant's picture