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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...

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...

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...

SEPA Okay but Not for Contractors

In July of this year, the Office of Tax Simplification (OTS) published a discussion paper on the concept of a new business vehicle dubbed SEPA.  The concept stems from findings that one of the main reasons for forming a limited company is to obtain limited liability protection...

What’s an IR35 Enquiry Really Like?

Qdos Contractor interviewed two of their clients to find out what they thought about the IR35 enquiry they experienced first-hand… Qdos: When did you decide to become a contractor? Tracey: I'd worked in IT for many years on government systems, and I'd taken a voluntary ex...

Making Tax Digital Timescale Unrealistic

Results of a survey of members of the Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have reinforced the two bodies’ concerns that the timescale for implementing compulsory digital record keeping is unrealistic and must be delayed. ...

Look No Further

Lookthrough was initially considered as an effective simplification for companies that: generally do not intend to increase in size are effectively one-person businesses distribute all (or almost all) their profits have few assets or need for investment funds The criteria coul...

A stroke of (In)genious

After failing to persuade the Court of Appeal that HMRC had acted unlawfully by discussing a film investment scheme with Times’ journalists, Ingenious Media has now won its appeal in the Supreme Court. Ingenious Media promoted film investment schemes in the form of par...