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RBS to stop engaging contractors in IR35 U-turn

The number of banks taking extreme action to next year’s IR35 changes continues to grow, with Royal Bank of Scotland (RBS) said to be the latest financial services firm that will stop working with contractors because of IR35 reform - a ...

HMRC slammed for “lightweight” IR35 guidance

The tax office’s latest IR35 guidance update has been met with criticism by specialists, who have blasted HMRC for failing - so far - to deliver on promises to better equip the private sector for the arrival of IR35 reform next year.  ...

Can I claim back tax from a wrong IR35 decision?

Q. I've just completed a contract that was deemed to be inside IR35 by my client. Would it be possible to argue the IR35 status afterwards and claim the tax back from the HMRC if I win the case? Or is this likely to cost me more than I coul...

Does IR35 apply to a Statement of Work?

Q. Is there a legally recognised way I can deliver a ‘Statement of Work’ to escape IR35 reform? A. This is a question that keeps cropping up, as IR35 reform approaches. To answer it, yes, in providing a ‘Statement of Work’, which...

Frequently asked IR35 questions answered

Contractor accountancy, Integro Accounting, shares its views on IR35 in this jargon-free...

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...

Contractor placements “steady” despite Brexit uncertainty

Despite Brexit uncertainty continuing to impact overall UK business confidence, freelancer and contractor placements rose - albeit very modestly - in September, according to KPMG and REC’s UK Report...

Should I renegotiate my contract due to IR35 reform?

Q. I have a current contract running past April, which is outside IR35. Will this need to be renegotiated given it could fall inside the legislation when IR35 reform arrives next year?  If you work with either a public sector body or a ...

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...

When should I calculate the ‘deemed payment’?

Q. I’ve always worked on outside IR35 contracts, but for the first time I’m considering taking a new contract which I consider would be caught by IR35 - the client will not be deducting any employment taxes. How should I account for th...

Is the UK shaping up to go freelance in 2020?

A shift in thinking, the financial toll of caring amongst NHS cuts and gradually increasing transportation costs are expected to encourage more of the UK population to go freelance next year, a study has claimed.  The insight, produce...

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...

Am I exempt from IR35 as a sole trader?

Q: I am a sole trader based in the UK and my only client is based in the US with no presence in the UK. Which party is responsible for establishing whether I am a disguised employee and which party would be responsible for covering the addi...

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...