Mastodawn

🚨 UK Research and Innovation (UKRI) Faces £36 Million IR35 Tax Bill 🚨

UKRI, the non-departmental funding body, is the latest government organization to be hit with a substantial tax bill for IR35 non-compliance. In its annual report, UKRI revealed it will pay £36 million in income tax and NICs to HMRC. This highlights the importance of understanding and complying with IR35 regulations. Read more: https://www.contractoruk.com/news/0015923quick_look_contractors_ukris_ps36million_tax_bill_hmrc_ir35.html

#IR35 #TaxCompliance #UKResearchAndInnovation #Contractors #HMRC

A quick look for contractors at UKRI’s £36million tax bill from HMRC for IR35

Tens of millions that was heading to UK business now isn’t, thanks to Innovate UK incorrectly assessing contractors as outside IR35.