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Long before IR35 changes were enforced in the public sector last year, speculation was mounting about the Government’s intentions to hand private sector businesses the responsibility for setting status too. Even now, public sector refo...

Wealth redistribution – a bridge too far?

Inheritance Tax (IHT) is probably the tax that many people would like to see scrapped. It certainly needs overhauling because of its complexity and lack of effectiveness, and this is something that the Office of Tax Simplification (OTS) a...

Am I caught by IR35?

Q. I currently am a freelancer / self employed. I carry out work for various individuals but have no set times when i do their work. They say 10 hours a week but i can do those 10 hours as and when i like. Assume i am okay with this? A. ...

Off Payroll Rules in the Public Sector

Q. My question is regarding the Off Payroll rules and their relationship to IR35 if contracting with a Public Sector organisation, as information I have seen on the web seems to be somewhat contradictory and does not clearly indicate if the...

Expense Receipts – Electronic and paper versions?

Q. If I have electronic versions of expense receipts do I still need to keep the paper versions as well? I have had different views on this and would really love to reduce the paper mountain! A. Thank you for your query RE: electronic re...

The benefits of filing benefits online

A good number of employers now report expenses and benefits-in-kind online because it’s quicker, easier, more secure and the employer gets confirmation that HMRC received the submission. Employers that are still filing paper forms P11D ...

HMRC & BBC Director-General Disagree over CEST

In a meeting held on 30th April between the Public Accounts Committee (PAC) and Jon Thomson, Permanent Secretary of HMRC, and Jim Harra, Second Permanent Secretary of HMRC, the BBC Director-General’s claims over the usefulness of the CEST...

What level of indemnity do I need?

Q. I am a limited company with all insurances - public and private to £5m and employers to £10m. I contract through a third party and they say I need to carry the same levels as them. They are a big company (millions) I am a small company...

Does newly released CEST data give contractors inside IR35 a case to claim back tax?

Following an 11 month investigation into the results of CEST, HMRC have at last revealed that 54% of the IR35 determinations it ...

In the margins

An individual’s marginal tax rate is the amount of tax they will pay on an extra £1 of income. For example, for a contractor earning £70,000 p.a - their marginal tax rate may be 40% because for every extra £1, it will cost them 40p i...

Putting Humpty back together again

In the children’s nursery rhyme, all the king’s horses and all the king’s men couldn’t put Humpty Dumpty back together again following his fall. Unlike the royal entourage however, HMRC are much more determined to stop fragmentati...

Other than IR35 status, what should you have your contract reviewed for?

The current threat of IR35 in the public sector, combined with the prospect of private sector reform further down the line has understandably put contractors on high alert. Without the power to set their own IR35 status in the public sec...

Do ‘off-payroll’ rules apply?

Q. I am a director of a company whose business is retail. It is a micro business. I am considering providing a consultancy service where I audit a service which is provided to the public. A company is interested in hiring me for this purpos...