On 18 June 2014, HMRC replaced its FAQs on IR35 (being legislation introduced in 2000 to stop individuals avoiding employee income tax and NICs by supplying their services through an intermediary and paying themselves in dividends) with a new guidance note entitled Intermediaries Legislation (IR35) – Working through an intermediary, such as a Personal Service Company (PSC).

The new guidance largely reflects the FAQs, but does refer to the new employment intermediary rules contained in the Finance Bill 2014 and the National Insurance Contributions Act 2014, advising the taxpayer that a professional service company now falls within the agency legislation.

To access the new IR35 guidance note click here