Tax Life Gets Easier for Freelancers as IR35 Faces Chop

Small business minister Mark Prisk was quoted this morning saying,

 “We want to make sure that we could undertake a comprehensive review of small business taxation in a way that makes the need for the current IR35 legislation redundant.

“But we want to make sure whatever we change is a lasting settlement. One of the problems with IR35 is that it’s a constantly changing set of rules.”

IR35 has been the bane of life for many freelancers, contractors and SME companies.

PCG Chairman Chris Bryce added that

“we are delighted that Mark Prisk has said publically what he has said to us privately. There is still much work to be done but we hope we can work with the Government to find a fair and acceptable settlement for all freelancers and contractors”

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Written by Editor on June 23, 2010 and filed in Featured, News , , ,


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