Orange & Gold Blog

IR35 to be reviewed

The unpopular IR35 freelance tax rules are set to be reviewed under plans revealed today by the coalition government.

In its detailed programme of government, the Lib-Cons will review IR35 as part of a "wholesale review" of small business taxation. The review will seek to replace it with simpler measures.

These plans will "prevent tax avoidance but do not place undue administrative burdens or uncertainty on the self-employed, or restrict labour market flexibility".

Trailed by chancellor George Osborne at his speech during yesterday's CBI dinner, the government will reform the corporation tax system and reduce the headline rate.