Comments on: IR35: HMRC “downplayed” impact of off-payroll working rules reform on contractors

By: Harry

Harry — Sat, 22 Mar 2025 12:17:40 +0000

What about the boom of overseas outsourcing companies that was favoured by the off pay-roll rules? How does that benefit HMRC or the UK economy? Employers now favour outsourcing instead of using local contractors to avoid the difficulties of the off payroll rules. Makes you wonder as the off-payroll rules where pushed by Rishi with family’s connection to Infosys.

By: Andrea Allsopp

Andrea Allsopp — Wed, 05 Mar 2025 12:00:15 +0000

Will someone compare the lost VAT payments alongside the increased TAX received by HMRC. I might well pay a bit more tax and NI if I were working inside IR35, but the loss in VAT would be double that of the extra tax. Since banks and insurers can’t reclaim VAT, the loss to the treasury from VAT registered contractors working in this sector must be huge.

By: Max Revenew

Max Revenew — Wed, 05 Mar 2025 07:33:08 +0000

Let us remember that HMRC invented the term “personal service company” (PSC) as part of their anti-freelancer propaganda.

Let us also remember that increasing the tax revenue is not of itself a good thing! It merely gives the government more opportunity to waste money that would otherwise be injected into the economy by ordinary working people.

IR35 is and has always been a mess that detracts from the British economy by imposing extra burdens on businesses of all kind while creating opportunities for the unscrupulous.