Contractors working via their own limited company have been advised by the PCG to ensure they are not caught under the IR35 legislation and ensure all new contracts are reviewed by an IR35 expert. This warning has come as the PCG have noticed that HMRC appear to be adopting a more devious approach to tax [...]
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The government has announced they are to make tax rules in the UK simpler in a bid to attract more foreign investment. The Office of Tax Simplification (OFT) has been created to do this and over the next few years they will be tasked with reviewing the UK tax system.
One of the first tasks for [...]
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In a bid to simplify the UKs tax system, which has been branded one of the most complicated tax systems in the world, the government yesterday launched a new body called the Office of Tax Simplification (OTS).
The OTS is made up of independent experts and its task is to make recommendations to the Coalition Government [...]
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In an interview with the Daily Telegraph, Mark Prisk has signalled that IR35 could be abolished. Speaking after the emergency budget, the small business minister said the small business taxation review, which includes IR35, will commence this summer.
The coalition government wanted to make sure that they could undertake a comprehensive review of small business taxation [...]
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The emergency budget, which Chancellor George Osborne will announce today, (22nd June) has many commentators discussing what he will outline. Many expect VAT rises, capital gains increases and cuts in child tax credits for the middle class.
Media within the contractor marketplace have also been discussing in depth about what contractors could expect and how it [...]
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The Recruitment and Employment Confederation have launched their own toolkit to assist recruiters ensure they understand the Agency Workers Directive.
The toolkit may also be useful for freelancers and contractors using an umbrella company. Umbrella company workers are thought to be captured by the regulations whereas those who are genuinely “in business on their own account” [...]
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Those within the contractor marketplace are today rejoicing after the newly formed coalition government said they would review the IR35 legislation.
In the Coalition’s full programme for Government, published yesterday (20th May) the Government declares it will:
“Review IR35 as part of a wholesale review of all small business taxation, and seek to replace it with simpler [...]
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Contract Eye recently wrote an article about the advantages of disadvantages for contractors, of working though your own limited company or via an umbrella company.
A large proportion of contractors work via their own limited company, or via an umbrella company and they wanted to help contractors when they are deciding which option to use.
Many contractors contract via limited companies [...]
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IR35 can often be complex and confusing for contractors and recruiters alike. In response to this, Independent Contractor Services (ICS) have created a page dedicated to explaining IR35 in simple terms.
We want to help you understand IR35 without getting confused by the legislation which came into force with the Finance Act of 2000.
Within the contractor [...]
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Contractor UK have today reiterated the statement from HMRC that contractors should not rely upon non-IR35 case law precedent to decide IR35 status.
HM Revenue & Customs announced in March a number of amendments to its Employment Status Manual. This included case law updates in respect of the important High Court IR35 cases of Dragonfly Consultancy [...]
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