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Contractor Calculator Newsletter, May 2018: Our IR35 campaign reaches Parliament's Public Accounts Committee

Dear Contractor

Welcome to the May 2018 edition of our Contractor Newsletter. Our IR35 campaigning finally makes it to Parliament as the PAC Chair questions HMRC as to whether the CEST tool is fit for purpose. A FCSA survey indicates 76% of public sector bodies are applying unlawful blanket rules. Combined with our FOI investigation this indicates thousands have been wrongfully taxed and can mount legal and tax challenges. Are HMRC poised to score an own goal on these reforms?


ContractorCalculator's IR35 campaign reaches Parliament's Public Accounts Committee

ContractorCalculator's IR35 campaign secured a massive milestone this week, as HMRC's Jim Harra was quizzed on CEST's shortcomings at a PAC meeting.


76% of PSBs applying blanket rules: why HMRC needs to reconsider IR35 reforms

HMRC will not be able to paper over the cracks exposed in a new FCSA study into IR35. Any attempt to do so would be like putting lipstick on a pig.


Can umbrella companies deduct employer's NI lawfully?

Attempts by recruiters and hirers to use umbrella companies to negate employment costs at the expense of contractors could lead to legal challenges.


HMRC's CEST figures, obtained by FOI, indicate widespread wrongful tax treatment

Thousands of contractors are overtaxed and can appeal following public sector IR35 reforms, findings from a ContractorCalculator investigation suggest.

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Ensure your dependents have long term security.

A Relevant Life Plan (RLP) is life insurance for you, but paid for by your company - tax free. If you are paying life insurance personally, they you can save almost half the cost by switching to a Relevant Life Plan. Within a few weeks you could get £1m+ of cover for circa £100 per month. Want to find out how?

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HMRC poised to score spectacular own goal on IR35 reforms

HMRC's attempts to justify its flawed CEST tool's approach to IR35 and omission of mutuality of obligation have placed it in a Catch-22 situation.

Event Comparing taxes: contractors versus employees

Compared with employees, contractors enjoy only modest tax advantages and generate considerably more tax. Find out how you can help HMRC realise this.

Event Preparing and negotiating a contract renewal - get that pay rise now!

Factors to consider and strategies for maximising your contract rate when your contract is due for renewal. Learn the easy techniques, and earn more!

Event Understanding recruitment agencies and consultants

Understanding how agencies work will help you to find contracts more effectively.

Event What is a PAYE umbrella company?

Learn how a PAYE umbrella model works. It's simple, quick, and you can be up and running within a day. Find out more.

Alternate External Link OTHER CONTRACTING NEWS
ICAEW slams HMRC for IR35 failings

AccountingWeb - Wed 18 Apr 2018

Self-employed sector in urgent need of 'new deal', says Demos report

IPSE - Wed 25 Apr 2018

Harvey Nash: 90% of contractors admit post-IR35 reform stress

Computer Weekly - Fri 20 Apr 2018

Question marks hang over IR35 and employment status

Recruiter - Thu 19 Apr 2018

Financial Times

Treasury ramps up the pressure on contractors' tax

Expect the government to target this expensive loophole in the autumn Budget

People Management

Do contractors really pay less tax than employees?

IR35 rules are frequently misunderstood – and that runs the risk of making the economy far less flexible, argues Dave Chaplin

Computer Weekly

IR35 reforms: Calls for inquiry into pre-launch tests of HMRC IR35 assessment tool

Immediate inquiry called into failings of HMRC's IR35 tax tool

Accounting Web

IR35: Thousands of contractors have been wrongly taxed

New information indicates that public sector bodies are ignoring the results of the HMRC tool (CEST)

The HRDirector

HMRC finally admits “no detailed evidence to prove accuracy of IR35 Tax tool”

FOI finds HMRC holds no detailed evidence about its CEST tool

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