IR35 investigations normally take years to complete

0
3010
IR35 investigations / Big IR35 Bonus
IR35 Tax investigations / Big IR35 bonus

IR35 Investigations

IR35 investigations of contractors take years to complete.

According to the Office for Tax Simplification, when reporting to the Government:-

‘Data shows that, for cases settled in 2009/10 or 2010/11, almost half took over 142 weeks to complete, and approximately one in five lasted for more than four years.

‘This is clearly very stressful for the taxpayer, who wants to concentrate on his business.

‘It is usually not possible for HMRC to give generic rulings on the IR35 status of a group of workers as the position of each may be different’.

IR35 Status

This is ridiculous.

It doesn‘t make any sense.

It must take up a lot of HMRC‘s resources for a tax that raises £1m a year.

It‘s bureaucracy gone mad.

Imagine more than half of investigations taking at least 2 years, 8 and a half months.

Imagine what the contractor investigated is going through during that time.

Some common sense needs to be used here.

Ad – Contractor Services

If you do need an umbrella company you could try one of the following:-

Simply Umbrella

Public Sector Umbrella Company

Or would you prefer to get expert advice about which umbrella company is right for your specific needs? If so fill in the form below and they will be in touch.

All-inclusive contractor accountancy service. Best value in the UK for a personal service, no tie in periods and an accounting package tailored to you –  Aardvark Accounting.

For Mortgages specially designed for contractors try Specialist Contractor Mortgages.

    Your Name (required)

    Your Email (required)

    Your Telephone (required)

    Your Daily Rate (required)

    Please Fill in Answer to Simple Quiz Question

    Comments

    ad