Search Magnifying Glass

IR35 proposals leave low-paid vulnerable

The Low Incomes Tax Reform Group (LITRG), which is an initiative of the Chartered Institute of Taxation, has expressed its concern that the Government’s determination to extend the ‘off-payroll’ rules to the private sector in April ...

Contractors dispel tax myth once and for all

Financially speaking, what drew you to contracting? This was the question put to independent workers by Qdos recently, and with nearly 1200 responses, the answers could well have conclusively dispelled one of the most damaging myths to have...

When working for a public sector client, is it the client’s decision to assess whether I am outside IR35 or not?

Q: When working for a public sector client, is it the client's decision to assess whether I am outside IR35 or not? Suppose the client tells me that I am outside IR35, but later HMRC investigate and decide to find me inside. Who is no...

IR35 reform has been announced with tweaks, but the main concerns remain

As the Chancellor stood to deliver his Budget speech last week, a great many contractors and businesses serving the UK’s independent workforce held their breath. After all, this was the Budget in which it had been rumoured Philip Hammo...

Settlement opportunity still open for business

Those contractors, previously involved with tax avoidance loan schemes that missed the 30th September deadline to register their interest in settling their affairs with HMRC, can still do so. HMRC have recently published an updated gui...

Third Party Contracts and Insurance

Q: I have recently contracted to a Government quango via a third party that taxes me, the department insists that all contractors are inside IR35, but as a result, I have no cover for professional and public indemnity should I give wrong ad...

Do IR35 rules apply for clients overseas?

Q: I'm a UK resident, with a UK Limited company. My clients are exclusively in the US and overseas. Do IR35 rules apply, or only if the client is based in the UK? A: As both you & your limited company are UK resident, then the IR3...

Budget 2018

Philip Hammond delivered 2018's Autumn Budget yesterday which had been highly anticipated by many due to speculation over further reform of the off-payroll (IR35) rules for the private sector. HMRC seem to have taken onboard concerns t...

Does IR35 apply to non-UK residents?

Q. Hi, If I'm planning to start working as an IT contractor for UK based client. I got my LTD company registered already. However, my plan is to work from European countries remotely. Can I still be eligable for IR35 this way? A. You don...

Guide me o thou HMRC

The current state of HMRC guidance and how it can be improved upon is the subject of the Office of Tax Simplification’s (OTS) recent report titled ‘Guidance for taxpayers: a vision for the future’. The report calls for HMRC to trans...

Contractors prepare for IR35 reform

Depending who you believe, the Government is gearing up to announce further IR35 reform in The Budget next week. While there is no evidence to show this will happen on 29th October, the UK’s 2 million contractors and thousands of business...

Providing labour or a service?

The Chartered Institute of Taxation (CIOT) have written to HMRC in respect of the department’s guidance re the Employment Intermediaries Reporting Rules (EIRR) and Agency Worker legislation (s.44, ITEPA 2003), in particular whether or n...

Contractor insurance for less than 12 months?

Q. I'd like not to have to be locked into an annual contract for my business insurance (limited company, working in financial services). Can you recommend any suppliers who offer a rolling monthly contract? A. We aren’t aware of any p...

Lights, camera, (IR35) action

Earlier this year we saw former BBC Look North presenter, Christa Ackroyd, lose her IR35 appeal at the First-tier Tax Tribunal, although she is to carry on the fight. At the same time, it was also understood that there were numerous other...

Prepare now for MTD

Despite Making Tax Digital (MTD) for VAT being only six months away, research carried out by the ICAEW (Institute of Chartered Accountants in England and Wales) last month revealed that over 40% of affected businesses are still unaware of...

HMRC Exposed

As the creators of IR35, in theory, HMRC shouldn’t make mistakes when it comes to understanding or policing the rules around tax status and employment status. And yet, earlier this week, it happened again - the taxman was left red-faced...