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ContractorCalculator: Contracting news in brief – 13/Feb/2015
News this week covers: IR35 yield plummets; umbrella expenses; IPSE’s new department; no more PQQs; and HSBC Swiss account holders face SFO probe.
�HMRC’s IR35 tax yield fell to £430,000 during 2013/14, costin� �positive growth territory, three of the five core contracting disciplines slipped down or stayed the same in th� �inue to hire oil and gas contractors on lucrative contracts. A new report by PricewaterhouseCoopers (PwC) hig� �workforce,” believes Kermode. Contractors seeing contract market stabilise, with specialist skills demand s�
Category: News | Fri, 13 Feb 2015

COVID-19: Limited company contractors excluded from self-employed support package
Limited company contractors are excluded from measures unveiled by Chancellor Rishi Sunak to support the UK’s self-employed through COVID-19.
�to the fire concerning the ongoing debate around IR35 and the Off-Payroll legislation. There were numer�
Category: News | Fri, 27 Mar 2020

General Election 2017: IPSE chief calls on politicians to acknowledge self-employed
More is required of political parties to recognise and reward the self-employed, says IPSE chief executive Chris Bryce ahead of the General Election.
�s auto-enrolment and a portable benefits system.” IR35 headlines tax initiatives for IPSE Inevitably, ta� �isions for the self-employed. One of the perks of contracting is most contractors earn substantial day rates, m� �to stand up and take note of the UK’s flourishing contract and freelance sector both before and after the ba�
Category: News | Tue, 06 Jun 2017

Will Theresa May give a boost to contractors?
Contractors have cause for optimism, after talks between Theresa May and stakeholders indicated that her leadership may bring change for the better.
�successive Governments since the introduction of IR35 17 years ago. The meeting, attended by the Associ� �leadership, after speaking directly with various contracting stakeholders at a roundtable event last week at D� �5 reform is undoubtedly the main priority for the contract sector at this moment, we’re optimistic that thes�
Category: News | Thu, 11 Aug 2016

PCG to offer advice and guidance on budget day
PCG assemble expert team to offer advice and guidance to freelancers on Budget Day-17th March 2004
�d the most important Budget for freelancers since IR35 was announced four years' ago. The Professional C�
Category: News | Thu, 11 Mar 2004

£10 - £15 per hour worst hit by IR591
Those contractors earning between £10 and £15 per hour are most hit by the new measures, with £12 being the worst hit.
�It does not apply contractor currently caught by IR35 or those whose profits exceed £50k per annum. £10�
Category: News | Mon, 22 Mar 2004

Supreme Court judgment exposes HMRC's misguided stance on employment status law
HMRC’s stance on MOO has again been disproven in court; this time as the Supreme Court rejects an appeal against the infamous Pimlico Plumbers ruling.
�s judgment followed earlier judgments relevant to IR35, and specifically mutuality of obligation, such a� �sition The Court deliberated over whether Smith’s contract with Pimlico cast obligations on him during perio�
Category: News | Wed, 13 Jun 2018

The April 2019 Loan Charge - Ultimate contractor guide
Find out what the April 2019 is, whether it affects you, and what you should do NOW to mitigate the impact on you.
�void perceived excessive taxation at the hands of IR35. What is the 2019 Loan Charge? Who and what is to�
Category: News | Mon, 22 Oct 2018

Lords call for HMRC Powers Review as Loan Charge is slammed
A Lords report has slammed the taxman’s efforts tackling tax avoidance and evasion, recommending an independent body is formed to prevent HMRC abuse.
�k is done to expose the link between the original IR35 iteration and HMRC’s reaction to the use of schem�
Category: News | Tue, 04 Dec 2018

How contractors pay more tax than employees
Contractors raise more tax than equivalent employees, despite HMRC’s worked examples in its IR35 discussion document that try to prove the opposite.
�s calculations in its Intermediaries Legislation (IR35) discussion document try and prove that employees� �00 per year. This is assuming they work a typical contracting work pattern of five days per week for 46 weeks.�
Category: News | Tue, 08 Sept 2015

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