- By April 2022 the IR35 reforms in the private sector will have been in place 12 months
- HMRC announced that customers would not have to pay penalties for inaccuracies in the first 12 months, unless there was evidence of non-compliance
- As 12 months is almost up, this “light touch” approach will end
- In this regard, businesses may accumulate penalties where HMRC raise an assessment on the basis that they has not taken reasonable care when making decisions about IR35
- See HMRC’s factsheet regarding penalties here
Aspire Business Partnership ("Aspire") provide WK1 with practical and commercially sound advice in relation to all aspects of compliance, business strategy and conflict resolution. WK1 engage Aspire on a retained basis through which Aspire provide WK1 with advice on an ad-hoc basis.
