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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...

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...

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...

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...

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...

Employment intermediary escapes late filing penalty

For over three years now, employment intermediaries such as agencies, employment businesses etc, have had to file returns detailing those whom the intermediary believes it has a legitimate reason for engaging workers on a self-employed ba...

Chaos over employment status looms

It was reported in The Guardian that, in July, Britain had the biggest budget surplus since 2000, and more income was apparently received in tax than was spent by the Government on public services. The changes to IR35 in the sector could ...

HMRC caught offside over referees

HMRC has lost another employment status case at the First-tier Tax Tribunal, this time involving football officials. The Revenue had raised tax and NIC assessments on the Professional Game Match Officials Ltd (PGMOL) totalling nearly ...

IR35 – Pressure mounts on Government

The growing threat of working inside IR35 is the number one concern for contractors, and yet calls for the Government to introduce employment rights for individuals who are ‘employed for tax purposes’ continue to go unheard. ...

Spotlight on Umbrella Schemes

HMRC are warning contractors that signing up to umbrella companies that promise to increase take home pay by anything ranging from 80–95%, is just storing up trouble later down the line. In HMRC Spotlight 45, the department explain t...