Lords Turn on HMRC rather than contractors over PSCs

A report by a Lords inquiry into Personal Service Companies has surprised the industry for reading as an indictment of the taxman rather than a nod to tighten the rules on contractors who use them. In fact, out of the Personal Service Companies…

INDUSTRY EXPERTS OPINION: There is, no doubt, a deterrent affect from IR35 – how you quantify the value of that effect though is another matter. I suspect that many are deterred who would or could actually be in a position where IR35 wouldn’t apply anyway. That means people pay more tax than they should – isn’t that as bad as people paying less tax “than they should”? Graham Jenner, No Palaver Umbrella

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