Schroedinger's IR35 Review

 

Liz Truss may/or may not review IR35 if she becomes PM.

She told The Sun that IR35 reform, introduced under then-chancellor Rishi Sunak – her rival for No 10, is wrongly “all about trying to treat the self-employed the same as big business.”

Truss may have been referring to the IR35 assessments that organisations now run needing to be conducted by contractors, where those contractors’ clients are neither mid-sized nor large.

Tax does have to be taxing.

Tax Investigation Insurance

Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

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Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

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