Monthly Archives: June 2019

Off-Payroll plans unnecessary

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A leading employment status and tax expert has warned that the Off-Payroll rules proposed by HMRC are both unnecessary and burdensome to contractors. The rules see compliance requirements and tax liability being shifted along the supply chain. According to David Kirk of David Kirk and Co, the plans include everyone involved in the chain in the compliance process. This means… Read more »

Crackdown on late paying companies

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A number of large companies, including Vodafone, Balfour Beatty and Costain, have been suspended from a voluntary punctual payment code. In total, 12 companies have been affected. This has been carried out by an organisation that works for the government. The 12 companies are amongst 2,500 who are enrolled in the Prompt Payment Code. This code is administered by the… Read more »

Contractors paying HMRC earlier if insolvent

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There are only a few weeks remaining for contractors who work via a Limited Company to have a say on plans to push HMRC up the list of creditors to be paid if a company goes bust. The consultation period closes on Monday, May 27th. The one single issue that is worrying most PSCs is the elevation of HMRC up… Read more »

Penalty warning for MTD

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The Association of Taxation Technicians (ATT) has advised businesses who are already enrolled for Making Tax Digital (MTD) to submit their latest VAT returns as soon as possible. A failure to do so could see those businesses issued with penalties. MTD was introduced on 1st April 2019, but businesses did not have to sign up at that point. Many professionals… Read more »

IR35 extension is stealth tax

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The Association of Recruitment Consultancies (ARC) has said that the extension of IR35 into the private sector is akin to the introduction of a new tax and if the proposals go ahead, this will have far-reaching economic and political ramifications. Adrian Marlowe, who is the chair of ARC, said: “The proposals are subject to a consultation that declares the new… Read more »

Blanket approach to inside IR35 assessments

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A Freedom of Information request by ContractorCalculator has revealed some troubling statistics about IR35 assessments. The request showed that 98% of the IR35 employment status assessments that HS2 carried out last year deemed that contractors had been caught by the Off-Payroll rules which, in turn, added to the suspicions of non-compliance with the public sector rules. HS2 confirmed that out… Read more »