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...
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...
Q: I have recently contracted to a Government quango via a third party that taxes me, the department insists that all contractors are inside IR35, but as a result, I have no cover for professional and public indemnity should I give wrong ad...
Q: I'm a UK resident, with a UK Limited company. My clients are exclusively in the US and overseas. Do IR35 rules apply, or only if the client is based in the UK? A: As both you & your limited company are UK resident, then the IR3...
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...
Q. Hi, If I'm planning to start working as an IT contractor for UK based client. I got my LTD company registered already. However, my plan is to work from European countries remotely. Can I still be eligable for IR35 this way? A. You don...
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...
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...
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...
Q. I'd like not to have to be locked into an annual contract for my business insurance (limited company, working in financial services). Can you recommend any suppliers who offer a rolling monthly contract? A. We aren’t aware of any p...
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...
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...
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...
Q. As a contractor working in London, but living 4 hours away I often work from my home office and then travel down to London staying overnight for say 2 nights per week. I therefore incur expenses for fuel, train, hotel and subsistence, wh...
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...
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 ...
