Treasury’s claim that IR35 U-turn cost nothing ‘stretches credulity’, says compliance expert

By Daniel Gayne2023-01-17T07:00:00

Source: HM Treasury

Reforms to off-payroll working rules were binned then reinstated last autumn

The Treasury’s claim that its U-turn over abandoning off-payroll working rules last autumn cost the public purse nothing has been ridiculed by the chief of a tax firm which handles compliance with the legislation.

Short-lived chancellor Kwasi Kwarteng announced the scrapping of the rules, known as IR35, in September as part of his ill-fated mini Budget which was largely abandoned the following month by his successor Jeremy Hunt.

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