Author Topic: Tories may scrap IR35 tax rules for contractors  (Read 1961 times)

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Offline Mad Penguin

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Tories may scrap IR35 tax rules for contractors
« on: March 31, 2010, 11:55:19 am »
I think I mentioned how much I thought Labour had contributed to IT and small businesses in this country on another thread. With this in mind, the following headline caught my eye;

The Conservatives have pledged a "fundamental review" of the IR35 tax regime if they win the election, claiming it is unfair to freelance IT workers. The rules were introduced by Labour in 2000 to target the "disguised employment" loophole. Contractors would set up their own limited company and take a low salary to cut their income tax burden, while paying themselves in large dividends to avoid National Insurance ...

http://www.theregister.co.uk/2010/03/31/tories_ir35/

 


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