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Directors not compelled to file returns

Section 7(1) of the Taxes Management Act 1970 states that a person who is chargeable to Income Tax or Capital Gains Tax (CGT) in a tax year must notify HMRC within six months from the end of the relevant tax year and effectively register ...

Good Work Plan for gig economy workers

In the lead up to the Christmas break, the eyes of contractors and the companies engaging independent workers were focused on the Government’s Good Work Plan, and what resulted in the largest upgrade in a generation to workplace rights....

Victory for LCAG!

The Government have been forced into a humiliating climbdown by cross-party MPs over the controversial 2019 Loan Charge. Despite attempts by Conservative Whips to coerce MPs, Government Ministers knew they had failed when many backbencher...

Tax Savings in 2019

If you are like most of us, your wallet may have taken a big hit this Christmas, but a new year always provides an opportunity for a fresh start - starting with getting your finances in order. One handy tip to save money we want to let yo...

Outrage and surprise as HMRC’s CEO is knighted

The Chief Executive of HMRC, Jon Thompson, received a knighthood in the New Year’s Honours list. Mr Thompson, who has held the top role at HMRC since 2016 after spending three years as the Permanent Secretary at the Ministry of Defence, w...

Roll of dishonour 2018

HMRC’s list of top 10 prosecutions in 2018 not only demonstrates the diversity of crimes that HMRC has to deal with, but also the assortment of perpetrators of these transgressions. High-flying business people, tax consultants, church l...

Private records: are they ‘private’?

A request by HMRC for records will relate to a compliance check of some description. At one extreme it may be a dozen dividend vouchers are sought to validate an entry in a tax return or, at the other, non-business bank statements for sev...

Recommendations for Agency Workers

HMRC Publishes Responses to Consultation on Recommendations for Agency Workers following Matthew Taylor Report on Modern Working Practices in the UK. The Matthew Taylor Report on Modern Working Practices was commissioned by the Governm...

Friends, Romans, countrymen, lend me your money

You are an established contractor whose PSC is doing very nicely thank you. One of your closest friends wants to follow suit and decides to start up their own property development business but needs capital to get it up and running and ap...

Could the Lords report be a catalyst for change inside HMRC?

At last, there has been a welcome development on the tax front, and one that in time could perhaps even pave the way for positive changes in how contractors and all UK taxpayers are treated by HMRC. Last week, a House of Lords report foc...

Brexit and the VATMOSS

Unless something dramatic happens in the next few months the UK will leave the EU on 29 March 2019 but, at present, no-one knows whether we will leave with or without a deal or, if we do leave with a deal, whether that deal will enable us...

Staying off the bench in 2019

Everything You Need To Know To Win More Work At Better Rates. Join us for an action packed online workshop all about winning work, maximising rates and developing ‘Brand You’. This session is aimed at Contractors, Consultants an...

Tradesmen targeted by criminals in tool theft ‘epidemic’

In the UK, every 23 minutes a van is broken into and tools are stolen from it, costing tradespeople £100m a year in total. Let that sink in for a moment. Every tradesman and tradeswoman hopes and probably thinks it won’t ever happen...

Amend and review loan charge

In a wider report titled ‘The Powers of HMRC:  Treating Taxpayers Fairly’, the House of Lords’ ‘Economic Affairs Committee’ devotes a chapter to the 2019 loan charge and has called for the retrospective legislation to be amende...

Contractors consider leaving the UK as a result of IR35 reform

Independent workers are prepared to move overseas when IR35 changes arrive, despite restrictions that Brexit might bring There aren’t many people in the UK who think that working and living in Europe post-Brexit will be as eas...

Put back MTD another year

In its report, ‘Making Tax Digital for VAT: Treating Small Businesses Fairly’ published last week, the House of Lords Economic Affairs Committee called upon the Government to delay the introduction of MTD for VAT by at least one year ...