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Up Next for the OTS

The OTS has announced its next lot of future objects within three timelines, namely:

  1. Projects for the next 12 months;
  2. Wider range of projects to consider over the next three years; and
  3. Identifying areas which should be developed over the lon...

Recruitment Industry Reveals After-Effects of Public Sector IR35 Reform

New research published by The Association of Professional Staffing Companies (APSCo) has revealed the after-effects of recent public sector IR35 changes.Offering fresh evidence that reform has left its mark on public sector contracting and recruitment, the research also stron...

Freelance Doctor Suffers Tax Pain

A locum doctor was forced to pay over £0.5 million in tax and penalties because he operated as a self-employed individual rather than through his own PSC.The recent First Tier Tax Tribunal case of Dr Maqbool Baloch v HMRC concerned the correct tax treatment of income gener...

New Small Business Commissioner Must Tackle Tax and IR35 to Truly Champion Small Business

Earlier this week, former Conservative MP Paul Uppal was appointed the Small Business Commissioner. In a newly-established role, Mr Uppal has been tasked with transforming Britain into the ‘best place in the world for new entrepreneurs’. The clear disconnect between small bus...

Resurrection of the IR35 Forum

Just when we thought that the IR35 Forum was no more, the latest minutes of a meeting held on 17 July 2017, have this week been published. Although the Forum is supposed to be held every quarter, the previous forum meeting took place on 20 September 2016. This absence is likely...

Keeping the Wolffe from the door

Wealth advisor, Knight Wolffe, has been rapped by the Advertising Standards Authority (ASA) for misleading income trust advertising that uses HMRC’s logo.In the recently published Spotlight 40, ‘Income trust schemes:  misleading advertising’, HMRC label the ...

IR35 Contract Reviews

The simple answer is yes – a contract review can have a significant bearing. The contractual terms are one of the very first pieces of evidence which HMRC will request in an IR35 enquiry, and ensuring that you have an IR35 compliant contract in place which addresses the key I...

Corbyn critical of short-term contract engagers

Speaking at the recent Trade Union Congress, Labour leader Jeremy Corbyn criticised the thousands of UK companies which engage workers on short-term contracts, arguing that temporary work is a “source of continuous worry and insecurity for millions of people”. He also state...

Contracts Stipulate 100% Liability for IR35

The recent changes to IR35 and employment status have resulted in the insertion of some new and sometimes odd contractual clauses.One of the latest changes which seems to be adopted by many agencies is a clause which states that a Personal Service Company (PSC) contractor m...

Contractors resilient amid recent IR35 changes and rumoured reform

As our sector gets to grips with public sector IR35 reform and anticipates the somewhat inevitable confirmation of private sector changes, you could forgive the UK’s 2million contractors for any pessimism they might voice surrounding their futures.Recent and potentially inc...

Serial wind-ups will pay dividends

In April 2016, legislation was introduced to counter the practice of opening and closing companies at regular intervals and to prevent shareholders of close companies from escaping an Income Tax charge on the final distribution of company assets. In the vast majority of one-man...

Government Projects start to suffer consequences of Public Sector IR35 Reform

It was not so much a matter of if, but when the changes to IR35 in the Public Sector (introduced in April 2016) would be felt by those Government bodies undertaking major projects and who previously engaged contractors by the droves, due to the flexibility and specialist skills...

Dressing up loans won’t work

HMRC is aware of claims to avoid the 2019 loan charge on disguised remuneration being made by promoters of tax avoidance schemes, and warns that these do not work. Last month the Revenue published Spotlight 39 to explain its rationale.Participants of tax avoidance schemes t...