In recent years IR35 activity has been virtually non-existent. Between April 2010 and April 2011 HMRC reportedly opened just 23 IR35 reviews, with a measly £220k collected in liabilities.
Unfortunately things are about to change and HMRC are going to pursue IR35 with renewed vigour. The key facts you need to be aware of are as follows:
IR35 enquiry letters are now being received by contractors across the UK and the next few months will be interesting, to say the least. Now is the time to ensure all of your affairs are in order – pre-empting an enquiry is crucial.