Contractor Calculator Newsletter, Oct 2018: Leaked HMRC webinar suggests taxman has misled the NHS on IR35
Welcome to the Oct 2018 edition of our Contractor Newsletter. A webinar by HMRC, leaked to ContractorCalculator by IHPA, raises questions over the accuracy of guidance given to the NHS. A contractor obtains a payout after being pushed inside IR35. We publish a summary of responses to the private sector IR35 consultation after trade bodies and groups share their response with us. Contractors request rights if caught inside IR35.
Decided to stop using a limited company? You can close your company in a very tax efficient manner.
Closing your company using a MVL enables you to extract the reserved funds of the business in cash, pay only 10% tax and also use CGT allowances.
And, it can be completed within weeks. Want to find out how?
While there are many compliant umbrella employers operating who provide a valued service with many benefits to the contractor, agencies, and end-clients there are also dodgy firms out there that should be avoided.
Newly proposed reforms to tax the self-employed – known as Off-Payroll Working – introduce rules that enable firms to classify workers as 'employed for tax purposes' without providing them with any employment rights. The logic is skewed.