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Contractors don't save enough for retirement
Contractors, like the rest of us in the UK, don't save enough for retirement. But when contractors begin to understand the tax breaks offered by pension contributions, they often make up for lost time.
…rect from your company bank account. If caught by IR35 , you save not only the income tax that would ord… …t periods, so they take advantage of high-earning contracts to make larger contributions,'' the IFA expert po… …l adviser (IFA). ''Contractors, who move from one contract to another, tend to be somewhat careless about sa…
Category: News | Tue, 10 Jul 2007

Contractor Calculator Market Report September 2008
Contractors returning to work after the holiday season are faced with the unwelcome news that the Dragonfly IR35 appeal has been lost.
…failure of Jonathan Bessell to win his Dragonfly IR35 case appeal in the High Court will affect them. T… …re. However, it is not all doom and gloom for the contracting sectors. Positions and pay are being maintained i… …or as a whole could experience an overall rise in contract opportunities, as employers realise the benefits…
Category: News | Tue, 09 Sept 2008

Contractors face new False Self-Employment legislation from April 2014, confirms HMRC
Contractors to be subject to False Self-Employment rules from April 2014 and a Targeted Anti Avoidance Scheme will tackle mass incorporation.
…o the new legislation.” There is no conflict with IR35 The response has clarified the position over IR35…
Category: News | Fri, 14 Mar 2014

BBC pay: 20 key questions the PAC must ask HMRC about Off-Payroll and CEST
The PAC has an opportunity to hold HMRC to account for its application of CEST and the Off-Payroll rules. Here are 20 questions that need to be asked.
…T told 92% of presenters that they were caught by IR35? HMRC provided the BBC with support on how to use…
Category: News | Mon, 04 Mar 2019

HMRC defends CEST and blames BBC over presenters fiasco in PAC hearing
HMRC tells MPs in Public Accounts Committee hearing that CEST was not at fault for hundreds of retrospective tax bills issued to BBC freelancers.
…presenters facing retrospective tax bills. HMRC’s IR35 lead Jim Harra pointed the finger at the BBC, des…
Category: News | Tue, 05 Mar 2019

HMRC suppresses widespread criticism of CEST, but is still going to fix it
Contractors are encouraged to challenge CEST assessments, after HMRC vowed to fix its flawed status tool before introducing Off-Payroll to the private sector.
…HMRC and CEST’s approach isn’t fully aligned with IR35. CIOT went on to stress concern that CEST was cre… …assumption that there will always be MOO where a contract exists, or will exist, does not appear to be cons…
Category: News | Thu, 08 Nov 2018

NAO report exposes Off-Payroll (IR35) chaos within the BBC
Hundreds of BBC broadcasters appear to have been forced into false employment by HMRC following the Off-Payroll rules, an NAO report reveals.
…that Government held a public inquiry into HMRC’s IR35 team, their behaviour towards taxpayers, their qu…
Category: News | Thu, 15 Nov 2018

NHS Digital hit with £4.3m tax bill after reliance on faulty CEST
NHS Digital has been hit with a £4.3m tax bill after HMRC challenged a number of status assessments carried out using its own tool.
…ill after HMRC challenged a significant number of IR35 status assessments conducted by its very own Chec…
Category: News | Tue, 29 Oct 2019

HMRC glosses over Off-Payroll (IR35) consultation responses in new publication
HMRC published its summary of responses to the Off-Payroll consultation following Monday’s Budget, ignoring many serious concerns shared by respondents.
…se is typical of its and Government’s approach to IR35 reform. The summary states: ‘To further supplemen… …better next time isn’t going to sit well with the contract sector.” HMRC also intends to inform contractors…
Category: News | Wed, 31 Oct 2018

Public sector IR35 reforms: contractors need to take stock, says IPSE chief executive
Public sector contractors need to consider their position following the biggest change to IR35 in its history, warns IPSE chief executive Chris Bryce.
…With crucial changes to how IR35 is applied in the public sector now just four mon… …y staunch opposition to the changes from multiple contracting stakeholders in the form of consultation response… …lly shift the way in which people engage with the contract sector.” Not only this, a substantial reduction i…
Category: News | Wed, 07 Dec 2016

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