Firms flouting IR35 tax rules face multi-million pound penalties as grace period ends

By Daniel Gayne2022-04-07T06:00:00

HMRC says so-called ‘soft landing’ phase now over and firms which flout regulations will be hit with big fines

Firms flouting tax rules designed to punish “disguised” employment could now face millions in financial penalties.

Yesterday (6 April) marked the end of the grace period following the introduction of IR35 reform last year, with the cost of non-compliance now set to rise considerably.

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