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IR35 costs £700,000pa to administer, yet generates just £1m, admits HMRC
IR35 provides a return on investment to taxpayers of just £300k a year, according to HMRC evidence to the Lords Personal Service Companies inquiry.
…IR35 costs approximately £700,000 each year to adminis…
Category: News | Tue, 04 Feb 2014

Contractors may benefit from the House of Lords PSC inquiry into IR35 administration
Limited company contractors may benefit as a result of the House of Lords PSC inquiry, with its focus on the administration and effectiveness of IR35.
…ars the Lords are focusing on its new approach to IR35 and how it is working,” says PCG director of poli… …st teams are not doing that much work. There is a contract review service that is rarely used and a helpline…
Category: News | Thu, 28 Nov 2013

IR35 needs 3000 inspectors to be policed properly, Lords told
Contractor PSC inquiry: the Lords committee is told that IR35 will require 20,000 investigations a year by 3,000 HMRC staff to police it effectively.
…MRC taskforce of 3,000 to be policed properly for IR35. This is what the House of Lords Select Committee…
Category: News | Tue, 03 Dec 2013

IR35 legislation changed to remove exemption of contractors working as office holders
Contractors performing ‘office holder’ assignments are set to lose their exemption from IR35 from April 2013 according to the draft Finance Bill 2013.
…ice holders’ are set to lose their exemption from IR35, under which they have not been required to pay i…
Category: News | Tue, 11 Dec 2012

IR35 case files: contractor’s review closed quickly due to early expert intervention
Contractors’ HMRC IR35 reviews can be shut down quickly with early intervention from an expert professional adviser, explains Andy Vessey of Qdos.
…Contractors facing an IR35 review by HMRC can still get their investigation… …HMRC because she has worked on two public sector contracts during the tax year under investigation: “I have… …d we spent a good number of hours discussing each contract in detail. “What was particularly useful was that…
Category: News | Tue, 10 Jun 2014

HMRC’s IR35 Review to be published imminently, contractors learn from the IR35 Forum
Contractors should see HMRC’s IR35 Review published imminently, and the debate over the BETS intensifies, contractors learn from July’s IR35 Forum.
…get to see HMRC’s long-awaited, and long overdue, IR35 Review, as it is due to be published imminently.…
Category: News | Wed, 08 Oct 2014

Charterhouse group: medical workers and IR35
Charterhouse Group explain their position concerning medical workers and IR35.
…up International , concerning Medical Workers and IR35.] Charterhouse Group International has been worki… …comfort is achieved by the use of Charterhouse’s contracts and using and passing our Contract Status Questio… …s working arrangements. It imputes a hypothetical contract with up to three constituent parts; the contracto…
Category: News | Mon, 04 Jul 2005

What is a composite company umbrella?
Explains the commonly used terminology and what this option means for contractors.
…PAYE) or salary and dividends, depending on their IR35 status. The definitions are confusing An “umbrell… …the context of service providing companies to the contracting industry. The word “composite” means “made up of… …mpany, through which many contractors place their contracts. Using the umbrella, contractors then receive eit… …e most important issue, which is whether or not a contract falls inside or outside IR35. The IR35 issue The…
Category: News | Mon, 31 Jan 2005

Considering moving from ltd company to an umbrella
Practicalities and issues surrounding the decision to close your company and move to an umbrella solution.
…Introduction IR35 has now been around since April 2000. In terms of… …then you will pass. Tough to Negotiate IR35 Free Contracts Given the current market conditions (lots of supp… …l established: If you can’t get the right type of contract you will fail. If you can, then you will pass. To…
Category: News | Wed, 11 Sept 2002

Budget 2012: PSC anti-avoidance measures unlikely to apply to most contractors
The Chancellor’s unexpected personal service company anti-avoidance measures announced in the Budget 2012 shouldn’t affect most contractors.
…t 2012 would include measures to simplify the way IR35 is administered. But what came as a surprise in t… …(NICs) deducted at source”. However, according to contracting sector tax and IR35 experts, this reaction to the…
Category: News | Thu, 22 Mar 2012

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