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HMRC has published the cost of administering IR35 and an estimate of the tax they think they’d lose if it was abolished. This despite the cost of administering IR35 greatly outweighing the cash collected from IR35 investigations.
The report estimates the cost of administering IR35 to be £16m and the tax that would be lost if it was abolished to be £550m.
If you are a contractor looking at trading for your own limited company how important is your company name especially in relation to IR35?
