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Outside IR35 Opportunities

Contractors continue to voice concerns about whether private sector companies will be ready for the introduction of IR35 reform next year, with the majority of these workers wondering if they will be able to operate outside the legislatio...

Will contracting continue to grow after IR35 reform?

After it was confirmed by the Government that IR35 reform will be introduced to the private sector in April 2020, much has been made about what the future of contracting will look like. There are people and businesses that believe indepe...

Making Tax Digital for VAT: What do HMRC’s updates mean for you?

Making Tax Digital is the government’s flagship scheme that requires online tax filing and payment, as well as digital record keeping. All business taxes will be part of the scheme, but only Making Tax Digital for VAT currently has an act...

Brexit uncertainty impacts demand for agency contractors

The professional staffing association, APSCo, revealed earlier this month that the demand for contractors and permanent staff engaged through recruitment agencies in the UK dropped in November last year - something the organisation puts lar...

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...

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...

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...