Oct
8
IR35 and MSC
October 8, 2007 |
In an interview with ContractorCalculator, John Redwood, Member of Parliament for Wokingham and chairman of the party’s Economic Competitiveness Policy Group announced a commitment to do away with both IR35 and the managed service company legislation.
“Why not just turn back the clock, and allow contractors freedom to operate?” Redwood said. Asked if there was a need for new legislation to replace these regulations, Redwood insisted that there was not. “These regulations are simply a burden on contractors’ doing business,” he added. Redwood’s recommendations bear considerable weight. George Osborne, Conservative party shadow Chancellor of the Exchequer, welcomed the report and said the party would be considering whether to adopt the programme set out in the report on Economic Competitiveness that was presented.