Chancellor called to intervene after the taxman says he’ll stand by his tool’s results 'as long as it accurately reflects the terms of the engagement.'
According to people who’ve been in the negotiating room with HM Treasury’s new boss, he’s versatile, open-minded, and not accepting of civil servants' scripts.
Contractor experts try to set aside their concerns, as the ex-chancellor who gave PSCs IR35 reform and next to nothing during covid is coronated Tory leader.
Officials effectively saying ‘as you were’ isn’t a message that can hurt contractors. Not after the ‘crazy situation’ their entire sector has just endured.
A PSC profits rate of up to 26.5% is back on the cards, following one chancellor’s political collapse, and his successor raising the stakes on limited companies.