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IR35 reform is Budget’s biggest revenue-raiser

1 November 2018

 

Following this year’s Budget, Contractor UK has reported on how private sector IR35 reform has emerged as the single biggest revenue-raiser of Budget 2018, making private sector companies (PSCs) the UK’s hardest-hit taxpayers of the Chancellor’s measures.

BKL consultant David Whiscombe comments: ‘By excluding SMEs from the new rules, the government says that “over 95% of businesses will not need to apply the reform.”

‘This is disingenuous. My experience is that the overwhelming majority of engagements are made by medium to large businesses anyway.’

Read the full article on the Contractor UK website.

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