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AS 2015: IR35 unchanged. Expenses restrictions for contractors go ahead
IR35 gets no mention in the Autumn Statement, but expenses tax relief is withdrawn for umbrella contractors and those PSC contractors caught by IR35.
�aft of measures that could ultimately benefit the contracting sector. “The restrictions on expenses tax relief�
Category:
News
| Wed, 25 Nov 2015
AS 2015: contracting’s stakeholders react to the T&S relief and IR35 ‘silence’
Contracting bodies have had their say on the announcements made in the Autumn Statement, including T&S relief restrictions and the absence of IR35.
�Contracting’s stakeholders are dismayed but unsurprised about� �or two years – or even expect to be engaging in a contract for two years – you can’t claim on travel. As suc�
Category:
News
| Thu, 26 Nov 2015
Contractor expenses outcome in Finance Bill 2016 puts focus on IR35 result, says IPSE
Contractors outside IR35 won’t lose expenses tax relief, meaning there could be worse to come when IR35 is reformed, warns IPSE’s Andy Chamberlain.
�DC test was a cause of contention amongst many of contracting’s stakeholders, most of whom argued that the test� �hat the measures only apply to a PSC contractor’s contract when it falls within IR35, meaning contractors op�
Category:
News
| Thu, 10 Dec 2015
IR35 will not change until at least April 2017, confirms HMRC to IR35 Forum
Contracting stakeholders in the IR35 Forum welcomed confirmation from HMRC that IR35 is set to remain unchanged until at least the 2017/18 tax year.
�l take place during the 2016/17 tax year. Many of contracting’s stakeholders were at the meeting of the IR35 Fo� �outlets reported details of a rumoured one-month contract limit prior to the Autumn Statement. However, thi�
Category:
News
| Wed, 16 Dec 2015
Contracting in 2015: IR35, Dividend Tax change, T&S expenses, and IPSE thinktank
Contracting remains an advantageous way of work going into the New Year, in spite of a raft of Government measures targeting contractors during 2015.
�income of limited company contractors, whilst the contracting sector also awaits the introduction of a ban on t�
Category:
News
| Wed, 23 Dec 2015
IR35 Forum: HMRC still evaluating discussion document responses before rule changes
The latest IR35 Forum minutes reveal that HMRC is still evaluating the IR35 consultation responses before considering changes to the legislation.
�5-specific ESI tool. Once completed, the existing Contract Review Service (CRS) will be aligned with the wid�
Category:
News
| Mon, 01 Feb 2016
Is IR35 going to be changed in the 2016 Budget?
IR35 could be reviewed in the Budget 2016, according to widely reported leaks, despite HMRC’s pledge to the IR35 Forum of no change until 2017.
�ed a huge amount of additional legislation on the contracting and small business community, including the divid� �March 2014 , it found that 94% of all off-payroll contracts were ‘legitimate’. So where the Government has co�
Category:
News
| Tue, 15 Mar 2016
IR35 public sector reform guidance poses more questions than answers for contractors
Contractors can learn more about how public sector reforms will apply in practice thanks to new HMRC guidance, but a lot still remains to be answered.
�addition to an unnecessary increase in paperwork. Contracting sector urged to oppose policy Legislation is set� �ven as to what will happen with contractors whose contracts begin prior to its introduction, but extend beyon� �ne and agree the contractor’s status prior to the contract start date. This doesn’t work either. “To fully g�
Category:
News
| Mon, 21 Mar 2016
IR35 rules to hit private sector with 54% dividend tax
Private sector contractors to be subject to public sector IR35 reforms with a dividend tax hike from the first of this month, reveal leaked proposals.
�ommon belief, the taxman does want to support the contracting community. Simplified tests set to ease burden fo�
Category:
News
| Fri, 01 Apr 2016
HMRC’s IR35 tax yield data reveals only £219,180 was paid by contractors in 2010/11
Calm before the storm? Contractors only paid £219,180 in IR35 tax with just 23 reviews last year, HMRC admits. But that could all be about to change.
�sure to increase yields from compliance activity, contracting sector experts fear this could be the ‘calm befor�
Category:
News
| Thu, 22 Sept 2011
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