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ContractorCalculator: Contracting news in brief – 19/Aug/2016
News this week covers: HMRC tool quashed; limited company fears; public sector contests reforms; uproar over tax proposals; & tax avoidance clampdown.
…HMRC’s IR35 tool won’t stand up in court If you’re a contract… …ore... IR35 reforms could kill of limited company contracting If you’re a limited company contractor in the pub… …s said they would no longer work on public sector contracts altogether if the proposals are introduced, 23% s… …e introduced, 23% said they would terminate their contract if deemed to be within IR35. “While IPSE fully ag…
Category: News | Fri, 19 Aug 2016

HMRC to act “as soon as possible” against civil service contractors at high IR35 risk
HMRC to investigate and take action against civil service contractors identified by the government’s off-payroll review as possibly being inside IR35.
…ontractors who stand out as being at high risk of IR35 , with those found to have deliberately underpaid… …se. Lester is standing down from his job when his contract runs out next January.”…
Category: News | Thu, 14 Jun 2012

OTS Employment status review key questions: ContractorCalculator’s response
ContractorCalculator responded to the Office of Tax Simplification’s (OTS) request for responses to key questions for its Employment status review.
…ough the review specifically excludes coverage of IR35 , as the tax legislation is underpinned by employ… …Contractors and other contracting sector stakeholders are eagerly awaiting the outc… …nge employment status and give workers freedom to contract, or Remove the different tax treatment of earning…
Category: News | Mon, 02 Feb 2015

10 actions you can take to help you avoid a tax investigation
Contractors are often targeted for HMRC tax investigations. Here are ten actions you can take to reduce your chances of being one of the unlucky ones.
…phisticated resources, and the ongoing spectre of IR35 looming, HMRC is always looking for an excuse to… …ficially denied, experts suggest that HMRC’s IR35 contract review service acts as a source of leads and info…
Category: Articles: Tax Issues | Wed, 06 Jan 2016

Section 660. will it cost you £42,000?
Discusses the cost of Section 660 to the contractor.
…nly deal with limited companies. Is it related to IR35? Many companies have managed to protect themselve… …t themselves against IR35 by having IR35-Friendly contracts. HMRC then looked at the working practices, which…
Category: Articles: Section 660 | Fri, 20 Jun 2003

HMRC has misled Treasury on Loan Charge, warns leading UK tax barrister
HMRC has misled the Treasury on the facts concerning the Loan Charge, leading tax barrister Keith Gordon has warned the Financial Secretary to the Treasury.
…r assertions’, Gordon adds. HMRC’s application of IR35 increased loan scheme use HMRC officials have att…
Category: News | Wed, 20 Feb 2019

Rumours persist on IR591
IR591 is once again in the news, and rumours abound that it will replace IR35.
…the news, and rumours abound that it will replace IR35. ContractorUK reported last Friday that they had…
Category: News | Mon, 19 Jan 2004

Limited company or umbrella – how to choose the best payment option
Key differences explained. Learn the pros and cons of each payment option and decide which one is best for starting your contracting career.
…hed routes and have their relative pros and cons. IR35 and financial considerations It is important to e… …Payment structure options When you plan to start contracting you will need to set up a way to get paid. And as… …he third party umbrella company bank account. For contracts earning revenue outside IR35 there is a significa… …s not in any way influence the IR35 status of the contract or modus operandi of the working arrangements. Th…
Category: Articles: Limited Companies | Tue, 27 Sept 2016

Supervision, Direction and Control (SDC) explained for contractors
Contractors need to understand how Supervision, Director and Control (SDC) could apply to them as HMRC may widen its use.
…or determining employment status according to the IR35 legislation. What legislation does SDC originate… …ether these rules applied to contractors that the contracting sector would have become more familiar with SDC.… …to: Ensure that there is no mention of SDC in the contract. In reality, HMRC will look at what happens in pr…
Category: Articles: Expenses | Tue, 22 Sept 2015

IR35 and other issues for contractors claiming expenses from clients for flights
Travelling on behalf of your clients faces numerous challenges over expenses and tax rules.
…es of navigating HMRC’s opaque expenses rules and IR35 tax legislation . And when the client insists on…
Category: Articles: Expenses | Sun, 15 Jul 2012

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