The proposed changes
Earlier this week saw the closing date for responses to HMRC’s Intermediaries Legislation (IR35) discussion document and the Employment Intermediaries and Tax Relief for Travel and Subsistence consultation document. Intouch Accounting have formally submitted responses to both, championing the voice of contractors. While we fully support fairness and the need to level the playing field, we share concerns of many in the industry that HMRC’s plans are piecemeal and severally flawed. We have put forward our suggestions of what we believe would be better solutions, based on our extensive experience working with contractors. We have also contributed to FCSA’s response. We now await the outcome and expect to hear more in November’s Autumn Statement. We’ll keep you posted as events unfold.
In the meantime download our new ebrief to help you make sense of the proposals and our suggestions.
Don’t face HMRC’s changes alone. At Intouch Accounting we work with Limited Company contractors every day so if you’re thinking of starting contracting or want more from your contractor accountant, contact us today.
This blog has been prepared by Intouch Accounting. While we have made every attempt to ensure that the information contained in this blog has been obtained from reliable sources, Intouch is not responsible for any errors or omissions, or for the results obtained from the use of this information. This blog should not be used as a substitute for consultation with professional accounting advisers. If you have any specific queries, please contact Intouch Accounting.