Monthly Archives: July 2017

IR35 challenge campaign

      Comments Off on IR35 challenge campaign

A crowd funding campaign that was set up to mount a legal challenge against IR35 public sector rules has reached over 90 per cent of its target. Mike Gibson, who is an IT contractor, set up the Just Giving page. Currently, the web page is showing donations of over £9,500, which is just below the £10,500 that the contractor has… Read more »

Call for limited extensions for late filers

      Comments Off on Call for limited extensions for late filers

The Chartered Institute of Taxation (CIOT) has urged HMRC to permit taxpayers a limited number of defaults before they incur a penalty for a late submission. The organisation has called for this leniency because of the proposals for digital tax reporting. The CIOT believes that taxpayers who file late submissions should receive a short extension period. They believe that this… Read more »

Fears of IR35 extending

      Comments Off on Fears of IR35 extending

Some agencies are expressing concerns that the IR35 rules that have currently been applied only to the public sector will over time cover those contractors who work in the private sector. These agencies believe that this could happen within two years. This was the message from a recent seminar organised by Lawspeed, a contractor legal specialist. Lawspeed Managing Director Adrian… Read more »

Calls for minimum wage to apply to contractors

      Comments Off on Calls for minimum wage to apply to contractors

The Resolution Foundation, a think-tank, has said that the government should extend all minimum wage legislation to protect the self-employed. Around 4.8 million people in the UK are classed as self-employed, including many who work within the so-called gig economy. The Resolution Foundation has submitted a report called “The Minimum Required?” to the Taylor Review, which has been tasked with… Read more »

Taylor review supports use of umbrellas

      Comments Off on Taylor review supports use of umbrellas

The long awaited Taylor Review of Modern Working Practices’ was released this week and its recommendations focus on additional protections for workers and stronger incentives for employers to treat them fairly – to ensure ‘decent work for all’. The proposals (it will be for the government to decide to take up any of these) that would most directly impact on… Read more »

IPSE says general election could bring major changes

      Comments Off on IPSE says general election could bring major changes

The Association of Independent Professionals and the Self-Employed (IPSE) has said that the snap general election could bring major changes for contractors, regardless of who occupies number ten. This warning is from IPSE Deputy Director of Policy Andy Chamberlain, who said that the public sector IR35 reforms could be extended to the private sector. There could also be a radical… Read more »

Party tax policies may disappoint businesses

      Comments Off on Party tax policies may disappoint businesses

Moore Stephens Partner Mike Cooper has said that “businesses are likely to be disappointed by both the Labour and the Conservative parties’ position on tax reductions.” He claims that neither party is addressing businesses’ top tax concerns. Moore Stephens carried out a survey to determine which taxes businesses would like to see reduced. The businesses surveyed identified five taxes that… Read more »

Companies to pay double to employ immigrants

      Comments Off on Companies to pay double to employ immigrants

With the Conservatives winning the snap general election, companies may find themselves having to pay £2,000 per year to employ migrant workers. This is the Immigration Skills Charger that will be levied on all companies that bring in skilled workers from abroad. The Conservative manifesto for the general election does not contain much that would concern construction companies except for… Read more »

Statutory definition of self-employment required

      Comments Off on Statutory definition of self-employment required

The Association of Independent Professionals and the Self-Employed (IPSE) has called for a statutory definition of self-employment to end the confusion around self-employment and make working for yourself more attractive. The call came in IPSE’s official response to the Taylor Review, which is investigating modern employment practices. IPSE appeared at one of Matthew Taylor’s panel sessions in March, and has… Read more »

ESS Tool not trustworthy

      Comments Off on ESS Tool not trustworthy

The IR35 public sector changes came into force in April of this year, causing concern to many contractors. HMRC’s ESS Tool is designed to help people decide their IR35 status, but a recent report that surveyed 1,508 contractors revealed that many do not trust it. The survey was carried out by Qdos Contractor, a leading contractor tax advisor. The findings… Read more »