Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

IR35 improvements are still needed as trade body calls for offset

by April 13, 2023
April 13, 2023
IR35 improvements are still needed as trade body calls for offset

With IR35 in the news again as celebrities including Gary Lineker and Eamon Holmes faced the outcome of their own legal battles, a leading trade body has reiterated its calls for changes to Off Payroll rules, including the need to introduce an offset mechanism to ensure double taxation isn’t unfairly impacting staffing firms.

Tania Bowers, Global Public Policy Director at APSCo – a member of the HMRC Intermediaries and Employment Forum – comments: “APSCo has long been vocal over the reforms that are needed to ensure Off Payroll legislation doesn’t unfairly penalise both recruitment firms and highly skilled contractors. We continue to work closely with HMRC on changes to the rules including potential solutions to the double taxation that is inherent in the current rules. In its current form, Off Payroll legislates that HMRC can collect tax from the worker via corporation and personal taxes, and then recover full PAYE and NICs from the fee payer in the event of a reclassification. This is leading to recruiters and clients being unfairly taxed.

“While we anticipate news on a possible consultation om this matter will be unveiled in Spring, we stand by our view that Off Payroll itself is having a detrimental impact on the UK’s flexible labour market. Off Payroll has exacerbated the shortage of skilled professionals, as many left the market during or following the roll out of the rules, not wanting to change the way they work. This has consequently decreased the flexibility and agility of the labour supply chain at a time when skills are in increasingly short supply.

“We believe wider reforms are needed and will continue to work closely with HMRC to guide any future developments on behalf of the staffing sector.”

Whilst the cases against Gary Lineker and Eamon Holmes make national news there is an estimated a thousand similar cases being investigated by HMRC at any one time.

Read more:
IR35 improvements are still needed as trade body calls for offset

0
FacebookTwitterGoogle +Pinterest
previous post
A million UK businesses missing out by not transitioning to social enterprises
next post
Mild Recession? Three Indicators That Can Offer Insights

You may also like

Channel 4 sales launches competition to champion sustainable...

March 3, 2025

SME XPO Reveals further details on this years...

April 18, 2023

Should I Pay Using Dynamic Currency Conversion?    

June 23, 2023

Government launches new Help to Grow campaign declaring...

February 5, 2024

Why the UK fitness industry is not being...

May 5, 2023

7 Signs and Symptoms That You Should Not...

January 26, 2023

Employers gain nearly two weeks extra a year...

April 24, 2023

Exporter of the Year, Business Champion Awards’ finalists...

February 7, 2023

How Businesses Can Convert Outdoor Spaces to Improve...

May 27, 2024

Maximizing Your Winnings: Strategies for Placing Different Types...

March 7, 2024

Channel 4 sales launches competition to champion sustainable...

March 3, 2025

SME XPO Reveals further details on this years...

April 18, 2023

Should I Pay Using Dynamic Currency Conversion?    

June 23, 2023

Government launches new Help to Grow campaign declaring...

February 5, 2024

Why the UK fitness industry is not being...

May 5, 2023

7 Signs and Symptoms That You Should Not...

January 26, 2023

Employers gain nearly two weeks extra a year...

April 24, 2023

Exporter of the Year, Business Champion Awards’ finalists...

February 7, 2023

How Businesses Can Convert Outdoor Spaces to Improve...

May 27, 2024

Maximizing Your Winnings: Strategies for Placing Different Types...

March 7, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • You can literally feel Apple’s new ‘F1: The Movie’ trailer starring Brad Pitt

      June 13, 2025
    • Building great leaders: how Chubb Fire and Safety is redefining leadership from the ground up

      June 13, 2025
    • High Court rejects challenge to Labour’s private school VAT policy, dealing blow to parents and schools

      June 13, 2025
    • VodafoneThree pledges £11bn to bring 5G to every corner of the UK by 2034

      June 13, 2025
    • GOP Senator Ron Johnson says he’s ‘trying to force reality’ on DC

      June 13, 2025
    • Israel hits the ‘heart’ of Iran’s nuclear program in Natanz facility strike

      June 13, 2025

    Categories

    • Business (8,204)
    • Investing (2,031)
    • Politics (15,627)
    • Stocks (3,144)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved