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ContractorCalculator: Contracting news in brief – 26/June/2015
News this week covers: MP to simplify IR35; strategic skills needed; buy-to-let is worth it; Singapore opportunities; & Irish drilling set to start.
�ges simplification of ‘unnecessarily complicated’ IR35 Contractor ambassador David Morris MP has announc� �s shortage worsens Contractors with skills in the contracting disciplines of engineering and finance could find� �strategic skills are benefitting from profitable contracts as clients are “investing more resources”, includ� �ground of clients and agencies before accepting a contract. All public digital data held on the UK register�
Category:
News
| Fri, 26 Jun 2015
ContractorCalculator: Contracting news in brief – 10/Jul/2015
News this week covers: Summer Budget attacks contractors; pensions advice; skills shortages increase; and growth in contractor recruitment sector.
�IR35, dividends and expenses targeted in Chancellor’s� �rs’ advantage Contractors working across the core contracting disciplines are benefitting from increasing deman�
Category:
News
| Fri, 10 Jul 2015
Agency Workers Regulations guidance published – AWR clarification for contractors
Draft guidance from BIS shows that limited company contractors in business are outside of AWR, but umbrella company contractors are within its scope.
�hat underpins the determination of a contractor’s IR35 status and the implications are that, if a contra� �– and there is an opportunity for contractors and contracting services companies to provide feedback, as BIS ex� �be on agency workers to incorporate and work to ‘ contracts for service ’, rather than employment contracts.�
Category:
News
| Sun, 03 Apr 2011
Contractors face unworkable proposals on income splitting
A series of experts wonders if income splitting is possible in practice.
�to the same kind of uncertainty that followed the IR35 and the managed service company legislation . Unw�
Category:
News
| Thu, 11 Oct 2007
Off-Payroll: Tories facing crisis with tax reforms set to decimate flexible workforce
Government risks a labour market crisis as more than half of contractors plan to leave projects in response to Off-Payroll, a new survey reveals.
�Just 9% of contractors have received an ‘outside IR35’ assessment from clients 23% of contractors repor� �tend to do so temporarily while they wait for the contracting market to recover. Critically, less than 3% of re� �ent’s ‘inside IR35’ determination 77% believe the contract market will recover, enabling them to secure futu�
Category:
News
| Tue, 11 Feb 2020
Preparing for the Off-Payroll rules: what HMRC failed to warn hiring firms about
Firms hiring contractors risk major disruption in April 2020 if they fail to prepare for the behavioural impact of the Off-Payroll rules.
�orce mobility. Clients must consider contractors’ IR35 status before April 2020 to avoid disruption Off-� �new tax bill on firms engaging ‘deemed employees’ Contracts with affected contractors will need to be renegot� �ally seek to offset this by negotiating increased contract rates, contrary to the client’s wish to reduce fe�
Category:
News
| Tue, 09 Jul 2019
HMRC pulls wool over NAO’s eyes during CEST enquiry
HMRC has responded to the NAO’s CEST enquiry with familiar standard responses, reinforcing the urgent need for a comprehensive IR35 review.
�esting of CEST HMRC’s assessment of the impact of IR35 However, as Chaplin highlights, the public body’s� �tioning with a number of stock responses that the contracting sector is now too familiar with,” says Contractor�
Category:
News
| Wed, 11 Dec 2019
Strong calls for delay or abandonment of Off-Payroll Tax during Lords inquiry
Contracting and industry experts have called for an abandonment of the Off-Payroll Tax during a House of Lords Finance Bill Sub-Committee hearing.
�asures to be used to inform the approach taken to IR35. Many experts called for a more holistic approach� �Contracting stakeholders and representatives from a range of� �e, why not just add a ‘hirers tax’ of 4-5% to all contract engagements?”�
Category:
News
| Mon, 24 Feb 2020
No evidence justifying Off-Payroll reform, Lords told by experts
The Off-Payroll Tax’s impact on vulnerable workers and HMRC’s failure to justify the proposed changes came under fire in the House of Lords yesterday.
�RC’s assertions of widespread non-compliance with IR35 by contractors. Concerns were also raised about t�
Category:
News
| Tue, 10 Mar 2020
Off-Payroll Tax proposals deny taxpayers access to justice, experts warn
HMRC proposals to introduce a client-led disagreement process to the Off-Payroll rules would impede access to justice, IR35 experts have warned.
�n their own mechanism for resolving disputes over IR35 status assessments. However, as various employmen� �ventional: “Providing it isn’t written into their contract that the Off-Payroll rules apply, contractors cou�
Category:
News
| Fri, 24 May 2019
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