The new IR35 regime

[Bagpuss]

Just about to be revealed and nothing on the forum. I guess any changes to the administration of the biggest threat to contracting is less of a concern these days to the average contractor. In fact the Forum appears to have become one big TPD.

IR35? contracting? Anyone? Anyone?

[DimPrawn]

We all stopped worrying when the Tories got in.

[mudskipper]

What did you have for lunch, Bagpuss?

[BrilloPad]

no. cuk is now one big counting thread

4

Okay - seriously -
OTS returns to IR35 in final small business review :: Contractor UK

Looks even more open to interpretation than the original ir35. Which is good as I doubt HMRC will catch anyone.

[Bagpuss]

What did you have for lunch, Bagpuss?

I had a Subway and a pot noodle then realised I'm not even a contractor. Now I'd like to tell you about things that should stay in my head.

[MayContainNuts]

Just about to be revealed and nothing on the forum. I guess any changes to the administration of the biggest threat to contracting is less of a concern these days to the average contractor. In fact the Forum appears to have become one big TPD.

IR35? contracting? Anyone? Anyone?

OP. I am interested!!!

I've not heard of any changes! Is there a link!!!

[d000hg]

OP. I am interested!!!

I've not heard of any changes! Is there a link!!!

There are two stories on CUK, about 2 inches that way ------------->

[Bagpuss]

OP. I am interested!!!

I've not heard of any changes! Is there a link!!!

A new system for IR35’s administration will be piloted before it can be formally adopted, in the shape of an IR35 ‘interventions’ programme that will run until 2013, CUK has learnt.

HM Revenue & Customs is due to finalise the 12-month pilot on March 8th (2012), at what will be the last IR35 forum meeting before the Budget, so the IR35 probes can closely follow the system’s launch on April 6th.

At the forum, members will add details to the IR35 scenarios, which will eventually be provided to taxpayers to help them self-assess themselves as a high, medium or low risk under the rule.

Although finer details of HMRC’s new risk-profiling process on IR35 are under wraps, any surprise criteria is seen as “unlikely,” partly because the legislation hasn't been altered in any way since its introduction in 2000.

“Inevitably knowing where you are on the risk-profile will mean good news for some and not so good news for others,” added IR35 forum member Kate Cottrell, of IR35 specialists Bauer & Cottrell.

“But right now, it’s a case of ‘as you were.’ Contractors should continue to consider their IR35 status on a contract-by-contract basis as this is what is required by the unchanged legislation.”




That sounds more vague than before, most contractors would already consider themselves outside IR35, this looks designed to cause more confusion. IMHO

[swamp]

As usual the devil will be in the details. Until HMRC publish every aspect of IR35 Mk2, and how they will implement and enforce it, we can safely say we know nothing.

[doodab]

The only thing we can be sure of is a pain in the ringpiece region.