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ContractorCalculator: Contracting news in brief – 20/June/2014
News this week covers: Lords’ slam government over PSCs; Finance Bill approved; SMEs hiring contractors; & Scotland’s contract market buoyant.
�ervice companies (PSCs) and HMRC’s enforcement of IR35 are all “regarded as unfinished business”, accord� �rgan McKinley London Employment Monitor shows new contracts and jobs have increased by 15% when compared to t� �ring next quarter Contractors may find their next contract with a small to medium sized enterprise (SME), as�
Category:
News
| Fri, 20 Jun 2014
Contractors could face new HMRC investigation threat to fill UK’s tax gap
With HMRC receiving a £900m war chest, and a tax gap potentially as high as £125bn, is unwelcome attention likely to fall on contractors’ tax affairs?
�tax affairs on a scale last seen in the heyday of IR35 ? Analysing the tax gap estimated by HMRC HMRC es�
Category:
News
| Wed, 03 Nov 2010
Contractors can opt-out of NEST pension but umbrella firms must offer schemes
The latest pension rule changes are broadly positive for contractors, says an expert IFA.
�y profits. For limited company contractors inside IR35 or paying themselves a salary above the threshold�
Category:
News
| Tue, 09 Nov 2010
Contractors seek salary rises
A new study just released by JSA Services shows that contractors feel ready to push for new salary rises of about 10 per cent. But the economic climate may not be right to support them.
�t position, as happened after the introduction of IR35.” Some contractors, in specific skill-set areas,� �nding large pay rises could limit demand or drive contracting offshore.” “The cycle for our industry has been i�
Category:
News
| Thu, 25 Jan 2007
Do contractors have to fire their wives or husbands?
With the proposals made by the Treasury in revenge for Arctic Systems, contractors could have to fire their wives or husbands as employing them might no longer make sense.
�ve, and the result has been a pickle. We have had IR35 , the managed service company legislation , and n� �sury has launched a series of attacks against the contracting industry. The notion behind it is that companies�
Category:
News
| Mon, 22 Oct 2007
"Don’t panic" – agency workers directive won’t be UK law for at least 18 months
Despite the decision by EU employment ministers to adopt the Agency Workers Directive, it could be years before it becomes law in the UK.
�isery for contractors and freelance workers, with IR35 and the MSC Legislation , so it is important that�
Category:
News
| Wed, 11 Jun 2008
Contractors’ legitimate travel expenses must be safeguarded, says PCG to Treasury
The Professional Contractors Group is standing up to HM Treasury over the right of umbrella company contractors to continue claiming travel expenses.
�lation targeting the contracting sector – such as IR35 and the income shifting proposals – the fall-out� �anies fulfil an obvious and important need in the contracting sector, by providing an option for contractors wh� �these contractors and freelancers have employment contracts with their umbrella companies and pay tax and Nat�
Category:
News
| Fri, 10 Oct 2008
Off-Payroll passed through Committee Stage despite major concerns raised
The Off-Payroll Tax was passed through the Finance Bill’s Committee Stage yesterday, despite strong opposition to the legislation.
�f-Payroll Tax, the MP for Aberdeen South argued: “IR35 is creating a new group of zero-hours employees p� �many valid and evidenced arguments put forward by contracting stakeholders throughout the consultation phase. “�
Category:
News
| Thu, 18 Jun 2020
PGMOL Upper Tribunal victory solidifies mutuality of obligation in law
PGMOL’s UT victory leaves HMRC with no choice but to acknowledge its misconceptions concerning MOO and address CEST accordingly, legal experts claim.
�r work if and when it was done.’ Chris Leslie, an IR35 tax defence expert of Tax Networks who personally� �levant only to the question of whether there is a contract at all and whether the contract contains an oblig�
Category:
News
| Fri, 08 May 2020
BBC chiefs pin problems on CEST after hundreds suffered unjust tax bills
CEST was exposed as the cause of the BBC tax saga at a PAC meeting yesterday, having changed the employment status of hundreds of presenters overnight.
�shared statistics indicating that CEST had found IR35 not to apply in 54% of assessments conducted. And�
Category:
News
| Thu, 31 Jan 2019
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