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On Your Bike

An Employment Tribunal recently ruled that Maggie Dewhurst, a 29 year old bicycle courier, was not genuinely self-employed but rather a “limb worker” and therefore entitled to basic worker rights.Dewhurst had been delivering for same day courier company CitySprint UK Lt...

Treasury Committee Calls for MTD Delay

The House of Commons Treasury Committee has recently published its report on Making Tax Digital (MTD), which calls for a delay in the implementation of MTD and for mo...

New Year, New Penalties

As a new year dawned, the likes of accountants, bankers, lawyers and other advisors who enable offshore tax evasion entered it with the prospect of tough new sanctions; designed to create a level playing field for the majority of people and businesses who play by the rules....

Not so inspired VAT advice

As a general rule, when a business is de-registered for VAT, it is effective from the day such a request is made, provided de-registration is valid. Traders wishing to cancel their VAT registration for any time other than at the point of application will be knocked back. Retros...

Tax Year in Review 2016

A happy New Year to all of the Contractor Weekly readership and one can only hope that 2017 is kinder to freelancers, in tax terms, than the outgoing year was. With the introduction of the off-payroll rules from April 2017, for those working in the public sector, however, this ...

Please excuse me

For those of us who are less organised, perhaps prone to procrastination or always leave things to the last minute, we nevertheless have to turn our attention to the annual task of filling in our Self Assessment tax return and ensuring it gets to HMRC by 31st January to avoid a...

Penalties for tax avoidance scheme promoters

Responses to HMRC’s consultation document, ‘Strengthening Tax Avoidance Sanctions and Deterrents’, which closed in October, appear to strongly support the Revenue’s proposals to make promoters of tax avoidance schemes bear some of the risk.The proposals con...

Making good on benefits-in-kind

Where an employee receives non-cash remuneration, ie benefits-in-kind (BIK), these benefits are subject to tax and the majority are also liable to employer’s Class 1A NIC.The cash equivalent of the BIK that has tax and NIC applied to it is usually calculated as the cost t...

Are contractors prioritising pensions?

As more and more workers join the ‘gig’ economy, concerns about saving for retirement have re-surfaced with the government set to launch a review in 2017 to look at pension provision for all self-employed groups.For limited company contractors, saving into a pension remai...

Off-payroll rules have landed

Last week saw the publication of the draft provisions for Finance Bill 2017 for PSCs working in the public sector, along with HMRC’s technical note and summary of responses to the consultation document that closed in August 2016.The new rules, to be introduced via Chapter...

OTS to review VAT

Once described as being a simple tax and easy to administer, VAT has, since its introduction in 1973, evolved and changed into a tax that is complex to administer. This in turn creates challenges and difficulties for all types of businesses from sole proprietors to large compan...

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, agenci...

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...