Monthly Archives: January 2019

IR35 minutes show why reform faces delays

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The latest minutes from the IR35 Forum reveal why IR35 reform in the private sector will have to face delays. The minutes mainly focus on the issues involving “off-payroll” reform and the need for more improvements. The outcome of the IR35 Forum appears to have convinced the Government that it should delay implementing IR35 changes in the private sector until… Read more »

IR35 proposals make low-paid workers vulnerable

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The Low Incomes Tax Reform Group (LITRG) is concerned that the UK Government’s intention of extending the “off-payroll” rules to the private sector will have a significant impact on people engaging in low-paid work. The LITRG welcomed the fact that small businesses will be exempt from the rules, which means that they will not have to deal with the administrative… Read more »

Contractor insolvency implications outlined in the Red Book 2018

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With all the controversy surrounding IR35 and the Budget, contractors may have missed a crucial piece of information. The Red Book 2018 contains a section that has a significant bearing on contractors who are closing their companies. Contractors may have failed to notice this because the Chancellor only referred to it briefly. He said: “We’ll make HMRC a preferred creditor… Read more »

Loan Charge contractors called “evaders” by Chancellor

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Philip Hammond, the Chancellor of the Exchequer, created a stir when he appeared before the House of Commons Treasury Committee and said that tax avoidance constitutes “tax evasion.” He made this remark in reference to the 2019 Loan Charge. As all taxpayers know, tax evasion is illegal, and there is little sympathy for those who engage in it. However, tax… Read more »

Corporation tax and unpaid VAT bills rise

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A business finance reporter has revealed that unpaid VAT along with unpaid corporation tax is at a five-year high. The figures raise questions about how effective that HMRC’s collection teams really are. Funding Options (FO) said that in 2017/18, unpaid VAT hit £3bn, an increase from £2.5bn in 2013/14. During the same period, unpaid corporation tax rose from a low… Read more »

Number of UK women in STEM roles tops 900,000

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Research by WISE, a campaign for gender balance in technology, science, engineering and maths (STEM) occupations, has shown that the UK is well on its way to meeting its target of having 1 million women employed in this sector by 2020. Currently, there are over 900,000 women working in core STEM occupations, and another 200,000 women with STEM qualifications will… Read more »