HMRC Tax Test
HMRC announced recently that they have devised a ‘simple business test’ for Contractors to better understand (or clarify) their correct tax status, fortifying their IR35 rules to prevent ‘disguised employment’. The news has been met with considerable doubt from many Accountants, Recruiters and Lawyers who doubt the effectiveness of such a test, believing it is unlikely to prevent genuine high-risk cases from being identified.
HMRC will pilot the online assessment over the next 12 months, so we will keep you posted as soon as we hear that it is live.
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