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PCG’s revelation of IR35’s £1.5m per year tax take is (sadly) not the full story
PCG has used the Freedom of Information Act to reveal that the annual IR35 tax take from contractors is just £1.5m – but there’s more to the story.
�are within IR35; many, particularly those new to contracting, prefer the simplicity and convenience of not run� �rk through an umbrella because they believe their contracts are within IR35; many, particularly those new to�
Category:
News
| Fri, 22 May 2009
Contractor market segmentation is the key to understanding the real impact of IR35
Deeper market insights reveal the real effect of IR35 on contractors, Parasol Group’s Rob Crossland told ContractorCalculator.
�insights into how IR35 has affected them. “In the contracting sector we have a workforce with widely different� �idely different skills, rates, types and terms of contracts, plus, of course, many sectors,” explains Crossla� �plains: “A first-time contractor on a three-month contract and earning £15 an hour clearly does not need to�
Category:
News
| Fri, 19 Jun 2009
Conservatives pledge to amend or replace IR35
Shadow Corporate Governance Minister Jonathan Djanogly says a future Conservative Government would review IR35 - either amending or replacing it.
�lator is a leading independent website for the UK contracting industry – most of whom are highly skilled knowle� �prefer to run their own businesses and work under contract rather than become employees of specific companie�
Category:
News
| Tue, 30 Jun 2009
Contractors inside IR35 may be able to claim employment rights after landmark ruling
Having been judged an Alstom employee despite years of contracting, Andrew Tilson has paved the way to some IR35 contractors claiming employee rights.
�Employee rights for contractors within IR35? The contracting sector thought that the case for contractor emplo� �ies and of high value Was authorised to negotiate contracts on behalf of Alstom Had a company phone, computer� �ractor has been found to have employment rights.” Contract was ‘a sham’ Dennemont continues: “Even though th�
Category:
News
| Fri, 03 Jul 2009
Treasury targets construction contractors with false self-employment consultation
In a new consultation on ‘false self-employment’ released by HM Treasury, construction contractors face scrutiny that could impact on all contractors.
�ation of IR35 legislation . However, according to contracting sector commentators, contractors genuinely in bus� �contractors wishing to retain their self-employed contracts and working arrangements will have to ensure thes� �s other workers to carry out operations under the contract and is responsible for paying them.” The consulta�
Category:
News
| Mon, 27 Jul 2009
Contractors holiday pay ruling should make clients more supportive on IR35 status
Contractors could find clients much more helpful on IR35 status following a recent House of Lords ruling on holiday pay for ‘worker’ contractors.
�of sub-contractors should be reviewing their contracts already in place and any new contracts as a matte� �nt,” explains Taylor. “Firstly, there has to be a contract in place. Secondly, the worker is personally requ�
Category:
News
| Mon, 03 Aug 2009
IR35: HMRC’s reliance on client evidence is failing, saving one contractor over £50k
Accountax’s IR35 victory on behalf of a PCG client shows that HMRC’s reliance on client evidence is failing, as did its previous focus on contracts.
�e early days of IR35 was to focus on contractor’s contracts. As a result, contractors have learned how to hav� �ts the importance of contractors undertaking IR35 contract reviews before signing a contract , and then keep�
Category:
News
| Wed, 19 Aug 2009
Interim management contractors gain valuable contract-winning insights from IIM guide
A new guide by the Institute of Interim Management provides contractors with valuable insights into increasing their chances of winning new contracts.
�arch for interim management contractors and other contracting sectors. In IT contracting, for example, market d� �ecialist interim recruiters to find some of their contracts, the survey shows that only 44% of all assignment� �s. The guide also highlights the contrast between contract search for interim management contractors and oth�
Category:
News
| Wed, 03 Jul 2013
Why I quit contracting: the human impact of the IR35 changes
More than a year ahead of the proposed implementation date, the Off-Payroll rules are placing contractors under financial and mental strain.
�e UK’s contingent workforce to ponder exiting the contracting sector, while its prospective fiscal impact has p� �ealth as the reason: “Given the sparsity of local contracts, I would have had to consider opportunities furth� �ad to consider opportunities further afield. If a contract is deemed to be ‘inside IR35’, and I can also no�
Category:
News
| Tue, 29 Jan 2019
HMRC still conducted no formal testing of CEST, two years on from its release
CEST is yet to undergo any formal testing and hasn’t been assessed to ensure it adheres to Government standards, two years on from its initial launch.
�te sector. Firms engaging contractors on one-year contracts will need to begin assessing individuals within a�
Category:
News
| Tue, 05 Feb 2019
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