Wednesday 21 March 2012
Matthew Hunnybun, Tax Partner at KPMG said:
“The measures announced in today’s Budget in respect of IR35 are twofold; to improve understanding and certainty of the legislation, but also to tackle avoidance of employment income where it is clear personal service companies are being used to disguise employment. The complexity of the legislation and tax leakage have gained significant media attention in recent weeks, so measures to focus on IR35 are not unexpected.
“Employment status is currently high on HMRC’s agenda. Employers should be aware of their obligations to ensure they correctly categorise employees and self employed individuals and understand the penalties for compliance failures. This applies as much to the general workforce as to higher profile individuals.”
Follow us on twitter: @kpmg_uk_llp #budget2012
For further information please contact:
Judith Dow, KPMG Corporate Communications
Tel: 0207 694 8584 Mobile: 07786 197 718 Email: Judith.firstname.lastname@example.org
KPMG Press office
Tel: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff. The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.