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A House of Lord committee has concluded that the government needs to address a raft of unfair flaws in the IR35 system, before new rules are implemented in the private sector.
Lords on the Economic Affairs Finance Bill Sub-Committee found that IR35, which is supposed to tackle tax avoidance by people in ‘disguised employment’, has not worked properly since it was introduced 20 years ago.
Half of all contractors plan to leave their posts ahead of scheduled changes to the way that IR35 ‘off-payroll’ rules are applied in the private sector.
Changes to the off-payroll rules are due to take effect in April, when large and medium sized companies will be made responsible for judging a contractor’s employment status and potentially subtracting income tax and national insurance from their monthly pay.
