ICAEW URGES GOVERNMENT NOT TO INCLUDE OFF-PAYROLL TAX IN FINANCE BILL
Dave Chaplin of Contractor Calculator writes the following article on the Institute of Chartered Accountants in England and Wales(ICAEW) stance on urging Government not to use the Finance Bill 2019-21 to introduce the draconian Off-Payroll Tax to the private sector.
The organisation’s Tax Faculty argues that the delay provides an opportunity for the Government to reflect on the detail of the measures and to conduct a comprehensive review into the taxation of the self-employed.
The Tax Faculty’s recommendations echo the sentiments of the recent House of Lords Finance Bill Sub-Committee report, which offered a scathing review of the Off-Payroll Tax before calling for an overhaul of the self-employed taxation system.
Despite the March 2020 announcement of a 12-month delay to the legislation due to the coronavirus outbreak, Government recently signalled its intent to avoid any further postponement by including the proposals in the second reading of the Finance Bill in April.
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