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Frequently asked IR35 questions answered

Contractor accountancy, Integro Accounting, shares its views on IR35 in this jargon-free breakdown, in which it explains what IR35 is, discusses IR35 reform and much more.  ...

Lives depend on revoking the Loan Charge “scandal”

If it wasn’t for the Brexit merry-go-round, then another political hot potato would be getting a lot more coverage than it currently is. The Loan Charge scandal, unlike Brexit, is uniting Parliamentarians against a draconian policy th...

Lloyds condemned for “damaging” IR35 decision

Lloyds has been criticised by a number of IR35 experts after it was reported that the bank will stop engaging limited company contractors due to incoming changes to IR35.  To avoid reform to IR35 in the private sector, which will be e...

Barclays tells contractors it’s PAYE or nothing

Following reports that HSBC will stop engaging PSC contractors as a result of IR35 reform next year, it has now become apparent that Barclays will also refuse to work with contractors operating through limited companies before April 2020....

How to spot a non-compliant umbrella scheme

With contractors increasingly aware of tax avoidance schemes, CW spoke with Julia Kermode, CEO of The Freelancer & Contractor Services Association (FCSA), the body for umbrella employers and accountancy service providers, who issued us...

Resilient contractors will continue despite IR35 reform

Research has been released which shows 70% of contractors went freelance to become ‘masters of their own destiny’, something the accountancy behind the insight, Integro Accountanting, predicts will continue to happen despite IR35 refo...

HMRC wins IR35 Tribunal against BBC presenters 

The tax office recorded a rare victory in an IR35 Tribunal when it was decided last week that three presenters engaged by the BBC belonged inside IR35, albeit under unusual circumstances.  The case, which took eight years to reach its c...

Prime Minister confirms “thorough review” of Loan Charge will take place

Boris Johnson has delivered on his promise and ordered a review of the controversial Loan Charge. Having previously described it as “superficially unjust” in the Conservative Party leadership race only a few months ago, Mr Johnson annou...

Leaky umbrellas?

HMRC is warning that some disguised remuneration schemes used by umbrella companies to avoid income tax and National Insurance contributions (NICs) by using loan advances contravene tax rules. Under the arrangements, a contractor becom...

This is IR35 relegation form!

HMRC has lost another high profile IR35 tribunal case after radio presenter and comedy writer Paul Hawksbee successfully challenged a deemed tax bill of roughly £140,000. The tribunal reached its decision by the casting vote of Judge ...

Are Recruiters Ready for IR35 Reform?

Are Recruiters Ready for IR35 Reform? Well with little over six months to go until IR35 reform is extended to the private sector, contractors impacted by the pending changes have issued a vote of no confidence in recruitment agencies, wit...

VAT Advice for Small Businesses

As the owner of a small business, there are a few things you should be aware of when it comes to VAT - or “Value Added Tax”. It’s important to ensure that you are fully educated on these matters, as a failure to adhere to the rules ma...

Five Tips: IR35 Private Sector Reform 

The rollout of the IR35 private sector reform has been given the green light to commence in April 2020. The news, announced in July, will see off-payroll rules extended to large and medium-sized businesses in the private sector. So what sho...

How To Claim Expenses And What You Should Be Claiming For

Your tax return can feel like enough of a burden on your time without the “optional extras” such as deciding which expenses you can claim. I’ve created this article revealing the potential value of your tax return to help sole trad...

Contractors Make Stand Against IR35 Ultimatum

What would you do if, as a limited company contractor working outside IR35 in the private sector, next April you were faced with an ultimatum to either become a permanent employee or operate through an umbrella company? After reports t...

3 Ways to Prepare for a MTD VAT Return

Around 1.2 million businesses impacted by Making Tax Digital are soon due to file their first quarterly VAT return. According to HMRC, businesses who plan to pay by direct debit have to register by the 27th July - despite many still fe...