IR35 Reform

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HMRC has made available the draft legislation regarding how IR35 reform changes will be applied for public sector engagements, as announced in the Chancellor’s Autumn Statement. Alongside the legislation, HMRC has also produced a technical guidance note to support the …

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IR35 – 10 indicators to show you’re not a disguised employee

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As a Limited Company Contractor IR35 is an important consideration for you as it sets out the law relating to tax treatment of your income and also determines your tax position with HMRC. Contractors that fall outside IR35 are entitled …

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Changes likely to impact Contractors post April 2016

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The Autumn Statement announced on 25 November, and the publication of the draft Finance Bill 2016 on 9 December 2015, have provided us with a clearer picture of what changes that are likely to happen post 6th April 2016 and …

Posted in Budget, Economic Outlook, Industry News, Self-employment, Umbrella Companies | 1 Comment

Societas Unius Personae (SUP) – IT’S ALL ABOUT sME!

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What could be the dullest way to start a blog? How about a little Latin “Societas Unius Personae”? Or maybe mention Europe – “7 years after its initial announcement, the European Commission’s proposal for regulating single person companies is starting …

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Required Assurance – is it working?

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This week saw the first report from HM Treasury as to the effectiveness of the Required Assurance requirements which came into force in 2012. In light of our involvement with NHS workers, this is likely to be of significant interest …

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Is there a link between dividend levels and exposure to IR35 investigation?

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Jason Piper, of the Association of Chartered Certified Accountants thinks so, and recently told the House of Lords’ Personal Service Companies Committee, that he was “independently aware” that HMRC is monitoring PSCs’ dividend levels. It then carries out an IR35 …

Posted in Contractor, Freelancer, Industry News | 2 Comments

Auto Enrolment – How an Umbrella Company’s approach can impact you

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As I’m sure you have seen in the media, new laws came into effect from October 2012 requiring all UK employers to automatically enroll their employees into a pension scheme and pay mandatory minimum pension contributions. The minimum level of …

Posted in Contractor, Freelancer, Industry News, Running a business, Self-employment | 1 Comment

Who counts as an ‘office holder’?

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HMRC guidance states that an ‘office’ is created where: The position exists outside of the identity of the incumbent person (i.e. the person can leave and someone else come in to fill it); There is some degree of continuity (it …

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Public sector contracting and IR35

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At the IR35 Forum meeting in January 2013, HMRC confirmed that they are scrutinising off-payroll arrangements in the Public Sector and no job titles are to be considered “safe”. Specific examples of locum solicitors being investigated were discussed during the …

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Government unveils new clause to strengthen IR35

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Publicity around the off-payroll engagements of the Head of the Student Loans Company and other high profile figures lead to a knee jerk reaction from the government to close what they considered to be a “loop-hole” in the current tax …

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