Revenue news

The Revenue has recently added a number of 'frequently asked questions' to its website section on IR35. The new questions include how deemed salary payments interact with the issue of forms P45 and P60 claims to children's tax credits or working families' tax credits and mortgage applications. One query asks how to operate the provisions when no software is yet available (to which the answer is: manually). The issue of double taxation when deemed salary is drawn out subsequently as an actual salary payment is confirmed as being a problem itself requiring an avoidance technique of drawing by way of dividend rather than salary. If there are ongoing receipts from existing contracts after a worker terminates his operations through a personal service company a new question and answer indicates that the Revenue accepts that such receipts are outside the IR35 provisions.
The set of frequently asked questions...