June Budget: IR35
Although there was no mention of IR35 in the June Budget statement, it is referenced in the Budget Red Book where we learn that:
“The Government remains committed to a review of IR35 and small business tax and will release further details shortly”
IR35 references the legislation that was introduced by the last Government to counter attempts to avoid tax through the use of personal service companies. IR35 has always been controversial and is likely to be revoked as part of more general reforms to the taxation of small businesses.