HS2 makes £9.5m provision for mistakes in IR35 self-assessment

By Daniel Gayne2022-08-10T10:49:00

Supporting local people into employment on HS2

Source: HS2

Deputy chair of board was boss of HMRC when tax rule was reformed

HS2 Ltd could have to pay millions to the taxman after wrongly assessing its status under off-payroll working rules brought in by its own deputy chair when he was the boss of HMRC.

The company’s annual report and accounts for 2021/22 revealed that a £9.5m provision had been set aside for getting its tax status determination wrong under the IR35 rules.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community