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11 October, 2022

IR35 Big changes

11 October, 2022

The changes in the IR 35 move are the potential liability back to the taxpayer company. Great, it’s your decision.

What is not coming across is that when you get the wrong your company ends up paying.

Many will consider liquidation, what is not also known is that HMRC has issued new powers

FA 2020 sch11 Personal Liability Notice.

Many years ago HMRC were preferential creditors i.e. stood in front of the queue that agreed to give up that preferential status, now they have a potent weapon this notice places the lability

On the directors and shareholders personally.

This is not always known by some advisors.

IR35 is not dead, it has resurrected with a vengeance HMRC are good losers

If you need advice or help contact [email protected]