HMRC has just released new guidance on its IR35 approach confirming it would adopt a light touch approach to penalties in year one.
To dampen down contractor fears over retrospective adoption of the rules, HMRC vowed not to use information collected under the new regime to open any enquiries into returns for previous tax years - unless it suspected fraud or criminal behaviour.
The guide also contains a number of case study examples and other educational materials to "support" taxpayers through the transition. It will alsouse a specialist team for off-payroll working compliance activity ensure customers receive high-quality support and non-compliance is challenged effectively and efficiently.
I'm just working on a news story now detailing what's in the guidance and whether it leaves room for any further anomalies or areas of debate. If you've had a chance to review it and have any opinions on whether it's a constructive step or papering over longstanding flaws in the regime, feel free to share your comments below.
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