UK govt study says IR35 contractor tax reforms plain sailing for most
Two-fifths of organizations hired fewer off-payroll staff under the new IR35 rules in September 2021 than in March 2020, according to research published by UK tax collector HMRC, yet critics claims the findings fail to measure the true impact of the reforms.
However, critics were quick to point out that the way the data was selected could skew the official results – with the impact being much greater than recorded. "Many of the comparative figures in this report are flawed. This is because on 18th March 2020, at the first reading of the Finance Bill, [the government] announced that the Off-payroll reforms would be delayed by a year. With only three weeks until the expected roll-out date, most firms had already changed their workforces. Therefore, the periods compared in this report of March 2020 to September 2021 do not provide an accurate picture of the before and after scenario.
Chaplin also pointed out HMRC originally estimated that the one-off impact on the administrative burden to 60,000 businesses would be £14.4 million and that the ongoing cost would be negligible. But the new report says the average cost per firm would be just over £4,000, making the total cost for 60,000 firms around £240 million, 17 times more than HMRC's estimate in its impact statement.
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