HMRC get it right for once

Just had a look at HMRC’s consultation on off-payroll offsets https://lnkd.in/edPrZWGD.  It’s actually rather good, allowing tax due back to taxpayers to be offset against tax paid by them when they both arise from the same mistake, and allows interest to be calculated correctly automatically.

Let’s see HMRC do something similar in the case of the old IR35 rules and managed service companies. It would remedy a rank injustice in their charging interest on balances that do not exist in any meaningful economic sense