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Public sector clients to test IR35 status

Following the ‘Off-payroll working in the public sector: reform of the intermediaries legislation’ consultation launched back in 26 May, the government has published a summary of responses  to the key themes raised by stakeholders, including public sector organisations, age...

Tax challenges of the ‘Gig’ economy

The ‘Gig’ and ‘Sharing’ economy are buzz words that have been much in the news this year and which the government are keeping a close eye on. Most recently the decision in the Uber case, which focused on the rights of those working for the organisation, has raised the p...

Something old, something new

In its review of HMRC’s performance in 2015/16, the Public Accounts Committee (PAC) have not only identified new concerns but also some familiar ones too. HMRC are becoming more reliant on new digital services to transform the department and reduce demand on its call centr...

Using the Right FRS Trade Sector?

Businesses that choose the wrong trade sector category when using the VAT flat rate scheme (FRS), and thereby pay a lower rate of VAT, can be sure that HMRC will soon jump on them for doing so and claim the underpaid amounts of VAT in the process. What if the boot is on the oth...

Shape of Budgets to Come

Following calls by businesses, economy and tax experts such as the International Monetary Fund, Institute for Government, the CBI, Chartered Institute of Taxation and the IFS, the Chancellor last week announced the death of the Autumn Statement. In future the UK will move to...

What will Brexit mean for City contractors?

Among the many ponderables following Brexit, one of the biggest is the impact it would have on the City of London’s status as the world’s preeminent financial centre. The banking and financial services sector is a vital contributor to UK GDP growth. The City plays a starri...

Public Sector – Will agencies make blanket status decisions?

Q. With regards to the new Public Sector IR35 rules confirmed as proceeding next year, there is a very important question that I haven't seen asked yet which could have severe implications to both contractors and the Public Sector services. Where a contractor is currently deemed ...

Autumn Statement – IR35 changes confirmed

Chancellor of the Exchequer, Philip Hammond, delivered his first and last Autumn Statement, as the government moves to a single major annual fiscal event in the future. Next year’s spring Budget will be the last one to be delivered in the springtime, with subsequent Budget...

Agency tax avoidance scheme revealed

An investigation by the Guardian newspaper has sparked calls by the Labour party and trade unions for the government to take action, after it revealed that a number of temporary recruitment agencies are using an aggressive tax avoidance scheme that is costing the Exchequer “h...

The resilient labour market means good news for contractors

News that Britain’s unemployment rate has fallen to 4.8%, its lowest level since September 2005, suggests that the economy is not suffering from any post-Brexit blues. The news delighted employment minister Damian Hinds who hailed “the resilience of the UK labour market”. ...

It’s never been a better time to remortgage

Moving home can be a big hassle. We know contractors often see the value in a new mortgage on a lower interest rate. Can’t help but notice it, in fact, given how acute their eyes pick out savings. But by the time they’ve: looked for (and found) a new home that everyon...

Allowable Business Expense

More and more Limited Company Contractors are now becoming aware that they can pay for their personal Life & Critical Illness Cover through the business. Contractors are replacing their personal life insurance policies with a new product called ‘Relevant Life with Crit...

Tax & NIC Alignment – mere fancy?

Building on its first report in March of this year, the Office of Tax Simplification (OTS) have this week published its second report, ‘Closer alignment of income tax and national insurance:  a further review’ that reaffirms its view that NIC and Income Tax should be broug...