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Professional passport brings advice and banking to contractors
On 21 January, a new website called Professional Passport will offer contractors advice on key issues and eventually banking services. And it's all free if your agency signs up.
�tractors some very useful services like advice on IR35 and referrals for new bank accounts and for other� �en properly reviewed, because, should they not be compliant, Professional Passport could be held liable for c� �formation and contract review firms. Our image in contracting has been tarnished by the various attacks on it b� �ity on Professional Passport to review both their contracts for independent status, and to make sure their pr� �ssing a number of umbrella, company formation and contract review firms. Our image in contracting has been t�
Category:
News
| Mon, 21 Jan 2008
Recruiters’ insistence that contractors use umbrella companies is breaching the law
Contractors assessed as ‘deemed employees’, and forced to work via umbrella companies by recruiters, have grounds to mount a strong legal challenge.
�ave decided to force those deemed within scope of IR35 to work via umbrella companies. This negates the� �siness face prosecution and consequent fines. Non-compliant recruiters fall foul of Conduct Regulations Valen� �inded to conduct due diligence when approaching a contract, and be aware of unfavourable or suspicious contr�
Category:
Articles: First timers
| Thu, 25 Oct 2018
Loan Charge APPG report calls on Government to address contractor exploitation
The Loan Charge APPG has published a report urging Government to address the exploitation of contractors in non-compliant supply chains.
�mes spiked following the 2000 introduction of the IR35 legislation, as many contractors sought engagemen� �ing such providers withhold more money than their compliant counterparts, many have used their wealth to thei� �non-compliance, in a revealing new report. ‘ How Contracting Should Work ’ concludes an inquiry which sought t� �report shows the confusion as to how professional contract and freelance workers are supposed to operate. Th�
Category:
News
| Sat, 10 Apr 2021
You put your contract in, your contract out. In out, in out, what's IR35 all about?
Your accountant says you’re out, but the taxman says you’re in. Your lawyer says you’re not caught, but your contract is. IR35 woes have hit again!
�lin, CEO, ContractorCalculator: Are you caught by IR35 ? ‘Yes’, you say, ‘I’m caught, as according to my� �come. You’ll meet contractors who say, ‘I am IR35 compliant’, which they think means they are contracting thr� �IR35 compliant’, which they think means they are contracting through their own limited company and that their� �ly to be dashed when your lawyer clarifies, ‘Only contracts can be inside IR35, not contractors.’ So, caught,� �re you caught by IR35?’ they mean is your current contract within the IR35 legislation ‘Caught by’, ‘inside’�
Category:
News
| Mon, 15 Dec 2008
Contractor and recruiter bodies in final attempt to delay false self-employment rules
PCG and the REC have joined forces to write to the Chancellor in a last ditch attempt to delay proposed false self-employment legislation.
�ail the economic recovery, and increase costs for compliant agencies by as much as 25%. The false self employ� �March 2014 Budget. The two bodies warn that core contracting sectors, such as IT, energy, oil and gas, constru� �ng about how business works and the complexity of contracts for long-term projects.” PCG director of policy a�
Category:
News
| Thu, 13 Mar 2014
Professional Passport leads supply-chain compliance discussion with new report
Professional Passport publishes report laying down a pragmatic path to supply chain compliance. But, will HMRC listen?
�ry to recoup some £1bn in lost revenue due to non-compliant practices. Outlined in a new report entitled The� �legislation and regulation. Dave Chaplin, CEO of contracting authority ContractorCalculator said: “This excell�
Category:
News
| Mon, 07 Jun 2021
Off-Payroll audit guide: How to use assessments to identify working practice pitfalls
Find out how contractor clients can harness IR35 assessments to mitigate IR35 risk by identifying and addressing common working practice pitfalls.
�Under the Off-Payroll rules, IR35 assessments are a legislative requirement to dete� �t an approach which enables you explore potential compliant ways to reduce IR35 risk across your workforce as� �ould have been caught by IR35 Attracting the best contracting talent to your firm/agency All of the administrat� �ting your workforce most. It does so by assessing contracts in relation to each specific IR35 status factor,� �se on employment tax liability Avoiding difficult contract renegotiations with contractors who otherwise wou�
Category:
Articles: Off-Payroll (IR35) Reforms
| Fri, 11 Sept 2020
Off-payroll rules (IR35) – is HMRC killing UK plc and voluntary tax compliance?
Wider adoption of the taxman’s flawed IR35 stance could be disastrous for HMRC, undermining voluntary tax compliance and reducing tax collection.
�At a critical juncture for IR35 , the circulation of HMRC’s mistruths and propaga� �hanges only affected those who weren’t originally compliant. Is IR35 discourse stuck in an ‘echo chamber’? We� �rward by individuals who don’t understand how the contract sector works; there is no concept of the value of�
Category:
News
| Thu, 21 Dec 2017
Can your accountant keep you outside of IR35?
You should hire specialist accountants who can ensure you are taking all necessary steps to stay outside.
�ave been looking over their shoulders for fear of IR35 for 17 years now. Rather than fading away, it loo� �ist accountant, and what they can do to stay IR35 compliant. The many interpretations of ‘IR35 compliance’ “I� �’s a precursor to it being extended to the entire contracting sector. Otherwise, where is the ‘levelling of the� �especially important for contractors who have had contracts renewed. The contract will have remained the same� �the contractor and the client. Because of this, a contract fabricated so that the contractor is outside of I�
Category:
Articles: IR35
| Tue, 03 May 2016
Amendments tabled to Finance Bill to “curb or kill” umbrella companies
The amendments tabled by senior Conservative MPs seek to combat malpractice and reduce tax avoidance and evasion of potentially over £1bn per year.
�ressive tax avoidance schemes to self-proclaimed “compliant” firms who skim monies from contractors’ wages by� �me following a Loan Charge APPG Inquiry into ‘How Contracting Should Work’ with a powerful report published in�
Category:
News
| Thu, 20 May 2021
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