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Crackdown on IR35

According to recent reports, the Inland Revenue's Special Compliance Office is gearing up for a crackdown on offshore umbrella companies and other tax avoidance schemes designed for solo contractors caught by the unpopular IR35 legislation.

Inland Revenue has said that there are people looking at IR35, but no more than any other legislation.

Most people are doubtful of this though and believe that the crackdown will be coming. Contractors have been warned not to rely on schemes they have developed to get around IR35, as they could crumble when examined.

For full article see:warnings of crackdown

Published: Tuesday, 31 July 2001

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