Personal services companies and IR35 – Budget update

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The Government is bringing forward a package of measures to tighten up on avoidance through the use of personal service companies and to make the existing IR35 legislation easier to understand. This will include HMRC

• strengthening specialist compliance teams,
• simplifying the way IR35 is administered, and
• consulting on proposals which would require office holders/controlling persons who are integral to the running of an organisation, to have PAYE and NICs deducted at source.

This could have a major impact on employers and the way they deal with the issue of employment/self-employment.

Tags: 2012 budget, IR35, Personal Services Companies, PSCs

This entry was posted on Wednesday, March 21st, 2012 at 17:10 and is filed under Budget. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.