If HMRC are genuine in their desire to crack down on the inherent unfairness in the system they should make the employer once again responsible for all penalties under IR35. Faced with having to accept the risk of HMRC penalties, employers would likely stop insisting on employees setting up service companies and the problem would probably disappear overnight. The playing field would once again be levelled.
BBC paying their high earners through service companies β why is this a problem?
Published on 24th October 2016
one of the concerns about incorporating a buy-to-let business is the Capital Gains Tax which is payable. With the cash resources and the appropriate appetite for risk this concern can be partially alleviated by use of EIS investments.
Should I Incorporate My Buy-To-Let Property? – Part 2
Published on 11th October 2016
The proposals are relevant to individuals and partnerships of individuals with unincorporated property businesses. It is proposed that the cash basis would also be available to eligible non-UK resident landlords.
Making Tax Digital: Simplified cash basis for unincorporated property businesses
Published on 29th September 2016