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Sky Sports activities presenter Alan Parry hit with £356,420 IR35 tax invoice

Sky Sports activities presenter, Alan Parry, has had his attraction in opposition to a £356,420.37...

Sky Sports activities presenter, Alan Parry, has had his attraction in opposition to a £356,420.37 IR35 tax invoice brushed aside at a First-Tier Tax Tribunal listening to.

This building highlights the significance of IR35 compliance, says main IR35 insurer, Qdos.

Parry was once contesting that the contracts his restricted corporate (Alan Parry Productions Restricted) held with BSkyB between tax years 2013/14 to 2018/19 mirrored an employment dating, moderately than self-employment.

However because of the Pass judgement on taking the view that Mutuality of Legal responsibility (MOO) existed between Parry and Sky, with the presenter additionally stated to have labored beneath the keep an eye on of the broadcaster, it was once made up our minds that the engagement belonged inside of IR35.

It leaves Parry with a tax invoice of £356,420.37, made up of £222,474.40 of Source of revenue Tax and £133,945.97 in Nationwide Insurance coverage Contributions. Even if Company Tax already paid by means of Parry might be offset from this quantity. The presenter may additionally attraction once more.

Qdos CEO, Seb Maley commented: “The sums on my own on this case spotlight the staggering price of having IR35 incorrect. After Eamon Holmes, Gary Lineker, Lorraine Kelly and a number of other others, Alan Parry is the newest in an extended line of high-profile presenters stuck up in IR35 instances with massive tax liabilities. It makes you marvel who HMRC will goal subsequent.

“Whichever manner you have a look at it, the £356,000 tax invoice passed to Parry is a company reminder of the significance of IR35 compliance – one thing that contractors and companies will have to prioritise.

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“Digging into the main points, it sort of feels that the contracts held between Parry and Sky didn’t essentially replicate the truth of the engagement, which HMRC will most probably pay shut consideration to within the tournament of an IR35 investigation.”