Umbrella company contractors may be interested to learn that the Revenue is getting near to finalising the new regime for IR35.
The IR35 Forum, comprising industry groups and HMRC officials, has been holding a number of meetings over recent months in a bid to improve the way the government administers IR35 regulations.
The REC has been participating in these meetings and it recently said that HMRC is now finalising improvements based on input received from the final meeting of Forum members. The changes need to be in place no later than April 6th
The final meeting of the Forum should have taken place in January, but the OTS decided that more work needed to be done and it was postponed for a month.
Gillian Econopouly, the head of policy at the REC, explained that the Confederation had been working alongside other interested parties to make recommendations on operational improvements to IR35 and devise ways to provide clarity for the self-employed as to whether or not they need to comply with the regulations.
She went on to say that the REC Technology sector group had been able to provide valuable practical input to the Forum, which raised awareness of the current confusion surrounding IR35 rules for both agencies and contractors.
The IR35 Forum will continue with its work, and the REC will carry on representing the views of the recruitment sector, as the April 6th deadline moves closer, she added.
© 2012 All rights reserved. Reproduction in whole or in part without permission is prohibited.
Image: Shaking hands with a Dodd staffer by ragesoss
