As promised in the recent IR35 review, HMRC has this week replaced its old IR35 FAQ section with a new 19 page guidance booklet.
The guidance has been developed with input from the IR35 Forum, and is designed to make the legislation far easier to understand, thus helping contractors to avoid the many pitfalls surrounding IR35. There are six sections: ‘Intermediaries legislation’, ‘How to work out if it affects you’, ‘How it applies to you’, ‘Deemed employment payment’, ‘Contracts’ and ‘HMRC enquiries’.
The new guidance takes into the account the 2013 statutory extension to ‘office’ holders, as well as 2012’s administrative reforms.
To read the new guidance click here: http://www.hmrc.gov.uk/ir35/intermediaries-legislation-ir35.pdf.