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Make late payment a thing of the past

Like any small business or sole trader, most IT contractors are acutely aware of the importance of on-time payments to a healthy cash flow. But unfortunately, late payment occurs often. And according to recent research from Sage, more tha...

Chancellor promises IR35 review

With less than a fortnight to go until contractors head to the polls on 12th December, the Chancellor of the Exchequer, Sajid Javid, has pledged to review IR35 reform.  Speaking on Radio 4 programme, Money Box, Mr Javid said: “One t...

Can IR35 status rest on a fixed price service?

Q. With IR35 reform approaching, like most contractors, I’m keen to continue operating outside the legislation from April 2020 onwards. I understand there are many different factors that need to be considered when determining IR35 statu...

What does the election mean for contractors?

Although Brexit is the main focus in this General Election, it should not be the only issue on the table. Behind all the back-and-forth between Leavers and Remainers, there is still a country and an economy to run. There are millions of b...

Could your IR35 status hinge on your CV?

As the new rules for off-payroll working loom ever closer, many contractors will be wondering what they can do to remain outside of IR35, stay off the bench and maintain their rates. With the risk falling on the end-client from April 202...

Lib Dems would review IR35 and end Loan Charge 

The Liberal Democrats have revealed in their Manifesto that they plan to review IR35 reform and end the devastating Loan Charge, should they come into power in December.  As part of leader Jo Swinson’s ‘Plan for Britain’s Future...

Are you considering closing your company?

New IR35 rules will be coming to the private sector from April 2020. These changes have already caused considerable disruption to contractors, their accountants, recruitment agencies and hiring companies, with each party spending valuable...

The IR35 investigation process explained

For nearly 20 years, IR35 has been contractors' bogeyman, with many industry experts questioning whether HMRC itself fully understands the legislation. A number of recent and high-profile IR35 Tribunals have seen Lorraine Kelly, Loose Wo...

Businesses say they aren’t ready for IR35 reform 

Three-quarters of private sector businesses are not prepared for rapidly approaching IR35 reform which, from 6th April 2020, will see medium and large companies start administering the IR35 status of the contractors they engage. With l...

How does entrepreneurs’ relief work?

Q. Due to IR35 reform I’m thinking of closing my personal service company next year and claiming entrepreneurs' relief. First of all, what is it and how does it work?  A. Entrepreneurs' relief is a tax break that means anyone who has ...

Can I work as a contractor and an employee?

Q. I’m currently contracting a few days a week on a 12-month project. Given I have some spare capacity and bearing in mind that IR35 reform is on the horizon - and with it, an increased risk of being placed inside IR35 by my client - is i...

How contractors can set and protect their IR35 status

IR35 is at the forefront of our every conversation. Amidst speculation around what the future holds due to upcoming private sector reforms and a growing number of IR35 investigations attracting attention, it’s easy to worry about what t...

ITV presenter wins £80k IR35 Tribunal

With just six months until IR35 reform is extended to the private sector, it emerged last week that television presenter, Helen Fospero, won her IR35 case appeal, resulting in a second IR35 Tribunal loss for HMRC in less than seven days. ...

Contractor defeats taxman in £240k IR35 case

An IT contractor has beaten HMRC in an IR35 Tribunal carrying £243,324 in liability, to inflict yet another defeat on the tax office.  After an investigation lasting five years, it was decided on 29th October that IT consultant, Ric...

How does the right of substitution work?

Q. I have a number of questions based on the right of substitution. Firstly, what do I need in place to trigger it? Do I need a contract with my substitute and can I provide them with client information so they can deliver the service? Fina...

HMRC’s IR35 tool under fire as NHS fined £4.3m

Further questions have been asked about the accuracy of HMRC’s IR35 tool, CEST, after NHS Digital was handed a £4.3m tax bill for getting the IR35 status of its contractors wrong while using the taxman's technology to administer the ru...