Since IR35 was first introduced in 1999 it has singularly failed to achieve its aim of increasing tax take from contractors who use Personal Service Companies (PSC) to contract through, either with end users of their services or via agencies.
HMRC are stepping up their interest in attacking Personal Service Companies and trying to apply IR35.
The Government has announced that from 6 April 2014 a new “Employment Allowance” of £2,000 per year is available to many UK businesses to reduce their liability for Class 1 secondary NICs.
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