Lord Smith of Finsbury – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Smith of Finsbury on 2015-11-17.

To ask Her Majesty’s Government what plans they have, and on what timetable, for changes to IR35 assessments for employees and contractors.

Lord O’Neill of Gatley

Whilst the IR35 legislation protects in excess of £500 million each year, non-compliance is currently costing in excess of £400 million and is a growing problem.

At the Summer Budget, the Chancellor announced that HM Revenue and Customs would open a dialogue with stakeholders about improving the effectiveness of IR35.

A discussion document was published on 17 July 2015. The discussion period concluded on 30 September, following the receipt of over 160 responses and 14 roundtable meetings. The Government is now considering the responses.