April 13, 2017

Today George Osborne MP delivered the second Budget of 2015. The Chancellor said that ‘economic security’ is at heart of the Budget and will raise £5bn from tax evasion/avoidance measures including, ominously, an intention to target directors who are the sole employee of their company. Once again personal service companies, i.e. limited company contractors, are

Today the Chancellor of the Exchequer, Mr George Osborne MP, announced the 2015 Budget. As widely expected the Chancellor did not announce any plans to amend or repeal IR35. However, a series of anti-avoidance measures were announced which are of relevance to limited company contractors, especially those who claim tax relief on travel and subsistence.