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IR35 – What to Ask Your Accountant

It’s vital that you ask your accountant the right questions when it comes to IR35. As the number of contractors working in the UK and contributing to the economy has risen rapidly in recent years, so too has the number of firms claimin...

Contractor Holiday Pay?

Q. I am currently a self employed contractor (limited company) for one of the large banks, via a contracting agency. The bank has advised that all staff including contractors must take 2 weeks time off during the year for their 'wellbeing'....

HMRC lose another high-profile IR35 Tribunal Case

Kaye Adams, best known for her work on ‘Loose Women’, is the latest TV presenter to have come under the scrutiny of HMRC. Despite the wide-ranging ...

IR35 NHS Trust Exemption

In October 2017 I commenced working for a West Midlands NHS Trust via a contract agreed with their chosen agency. The contract was advertised at £350 per day and was said to be outside of IR35. On inspection of the contract there were t...

Are You a Business or a Job Seeker?

With HMRC and other parts of government on a crusade to abolish entrepreneurialism and have us all working for big businesses, Contractors are under the microscope more than ever before. As an SME business owner, I too have felt the inco...

PAYE for contractors?

Q. There is something that has been confusing me for a while regarding who is ultimately responsible for the payment of PAYE for contractors. As I'm sure are aware, when the supreme court sided with HMRC in the rangers EBT case, HMRC via...

IR35 Ministry of Justice Exemption

I'm not sure if it is only HMRC that is exempt - I have had a similar experience with being approached for other public sector departments. In this instance it was the Ministry of Justice. This is what was sent by the recruitment agent a...

Preparing for IR35 Changes: Are You Ready for April 2020?

IR35 or the “off-payroll working rules” as they are known are intended by HMRC to make individuals who work like employees pay broadly the same (higher) employment taxes as if they were actually employees, even if legally speaking the...

IR35 HMRC Exemption

Dear Contractor Weekly, while I completely feel that IR35 is a counterproductive policy to help the Conservative Government further turn hard working members of the public into cash cows, I believe that any policy should be applicable to ev...

MTD and VAT penalties: the plot thickens

Les Howard has some troubling questions regarding the Revenue’s power to issues penalties under the new MTD regime I’VE BEEN THINKING ABOUT Making Tax Digital (MTD), and asking myself how VAT pena...

What letters?

A CASE OF DISPUTED late filing penalties saw the First Tier Tribunal (FTT) uphold an appeal by an employee who claimed that HMRC should have known his address as they had previously been in correspondence with him. In Oliver ...

Contractor Loan Charges – What You Need To Know

The loan charge comes into force at the end of the 2018/19 tax year on 5 April, 2019. Any contractor who received pay tax free as a “loan” via an EBT or disguised remuneration scheme must have contacted HMRC and supplied the necessary...

Lorraine Kelly triumphs over HMRC in £1.2m IR35 case

Not a week seems to go by without HMRC receiving another dent in its already fragile armour. This time, the taxman suffered its latest IR35 loss at the hands of TV presenter, Lorraine Kelly, who last week successfully defeated the taxman in...

Rental Property Income

Q. My clients are husband and wife and they jointly own a rental property that qualifies as a Furnished Holiday Let (FHL). I have always split the rental income 50/50 on their Self Assessment Tax Returns despite that fact that the husband i...

An Option to Tax can’t apply to a residential building, can it?

Although it is common to refer to a property when notifying an Option to Tax (OTT), an OTT actually applies to the land and includes the building standing on the land. It also applies to any buildings that are subsequently built on that lan...

Finding Your Next Contract

Finding your next contract can sometimes feel like a daunting task. Especially as you are usually committed to your current contract and often having to put in long hours to deliver on time. Or if you’re stuck in a permanent position th...