According to people who’ve been in the negotiating room with HM Treasury’s new boss, he’s versatile, open-minded, and not accepting of civil servants' scripts.
Contractor experts try to set aside their concerns, as the ex-chancellor who gave PSCs IR35 reform and next to nothing during covid is coronated Tory leader.
Officials effectively saying ‘as you were’ isn’t a message that can hurt contractors. Not after the ‘crazy situation’ their entire sector has just endured.
A PSC profits rate of up to 26.5% is back on the cards, following one chancellor’s political collapse, and his successor raising the stakes on limited companies.
Calls for a potentially ‘desperate’ taxman to offer PSCs an amnesty don’t get an answer, possibly as Status Determination Statements will come with a post-repeal ‘hangover.’