It’s not over until…
13 September 2012
Tax column
The story is a long way from over where IR35 and settlements legislation are concerned, but in what direction are the rules going now?
More than four years ago, controversial rules were introduced to deal with the perceived problem of contractors working through personal service companies and extracting funds as dividends, thus avoiding the need to pay NIC. They introduced the notion of a deemed salary payment on ‘relevant engagements’ that are then subject to tax and NIC – yes, it’s IR35. The Budget...