Home Business News Double taxation of IR35 could end by 2024

Double taxation of IR35 could end by 2024

by LLB Finance Reporter
3rd May 23 10:14 am

IR35 expert, Qdos, have welcomed the news that the government has suggested that if it was to end the ‘double-taxation’ of IR35, the intention is that these measures would come into effect in April 2024.

Last week the government launched a consultation into the double taxation of IR35, which sees HMRC fail to offset tax already paid by a contractor in the event that a business is found to be non-compliant under the off-payroll working rules.

In this document, HMRC states that if the proposals were to be brought forward, it would likely happen in the next tax year.

Qdos CEO, Seb Maley said, “Time is of the essence here. The double-taxation of IR35 is a fundamental flaw of the off-payroll working rules. The sooner the government introduces this long overdue change, the better for everyone.

“As things stand, HMRC completely ignores the tax already paid by a contractor when it issues an IR35 bill to a business for non-compliance. It’s completely illogical and has resulted in thousands of contractors being unfairly forced onto the payroll.”

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