Tories to review IR35
Mark Prisk (Shadow Business Minister) has made a promise that the Conservatives would review IR35. However, as with all pre-election vows, the exact detail and timing of this review is filed as TBA.
Conservatives to reform IR35
Mark Prisk, the Conservative Shadow Business Minister, has announced that a Conservative Government would undertake a full review of small business taxation, including IR35. The aim will be to provide a simpler and clearer tax regime.
Mark Prisk said:
“For the last 13 years, Labour have constantly meddled with the tax rules for freelancers and self-employed, IR35 has especially proved to over-complex, uncertain and often unfair”.
Prisk claims that IR35 has cost business £73 million over 10 years, adding.
“This is why a Conservative Government would mandate the independent Office of Tax Simplification to undertake a fundamental review of current arrangements with the aim of providing a clearer, lasting and fairer tax regime”.
Click here to view the full press release.
Article Source: APSCo Newsletter 29 March 2010
