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An overview of intermediaries and how they interact with the many other tax rules targeted at non-payroll labour.
KEY POINTS
- First returns under new reporting regime now due.
- The new rules amend ITEPA 2003 s 44 to s 47.
- Complications may arise as a result of composite services.
- A detailed analysis will be required to determine the correct tax position.
The word “intermediaries” is very much on clients’ lips at the moment. Their use seems more prevalent than ever while the associated legislation governing them is increasing and becoming more complex. This article sets out the basics of the old and new intermediaries’ rules in one place. It is worth noting that this legislation and HMRC’s interpretation of it is untested. Moreover the views expressed by the accountancy profession are inconsistent.
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