Blog Tag Archives: Government

Quick budget summary for Ltd Co contractors

Despite first appearances, this budget doesn’t seem as bad for Ltd Co contractors as the scaremongering press might have us believe. Sure, there are several measures targeted directly at freelancers, but the financial impact of each seems less than catastrophic, unless you’re working in the public sector of course!

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HMRC’s online IR35 assessment tool is finally here!

Whether you’re working in the public or private sector this tool will determine if your assignments fall outside of the intermediaries legislation (known as IR35). This is in beta test phase currently but HMRC has stated clearly that they will stand by the decisions given, so ensure you keep a printout!

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Raising the red flag – is your agency doctoring the Dotas rules?

“Everyone’s moral compass is different, isn’t it?” – Patrick Griffin, Premier Payco.         Tax might be an unwanted outgoing, but the fact remains, it’s a necessary obligation for most companies. So, when certain businesses (who are as obligated to pay as any other) deliberately employ underhand tactics to avoid paying out, it […]

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Tax default disgrace – why all contractors should vet their payroll provider

Every quarter, HMRC names and shames the largest deliberate tax defaulters (owing >£25K) – and last week they threw two key payroll providers’ reputations into disrepute. We’re taking this opportunity, therefore, to highlight once again the need for contractors to exercise extreme diligence and caution when selecting who they work with.

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Travel and subsistence expenses – will you still be able to claim?

Most readers will be aware that Ltd company contractors have historically been able to claim travel and subsistence expenses for travelling to and from their place of work, thus saving both tax and NI contributions, but this changes from 6 April 2016.

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Osborne’s budget – woeful or wonderful for freelance contractors?

It’s been scorned as a benefits-buster and simultaneously hailed as a “living wage” lifter – yes, George Osborne’s new budget has certainly raised a few eyebrows, but what does it mean for freelance tech contractors? Here’s our take on the highlights:

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The Tax Man is coming… after Offshore Ltd Co’s

HMRC stated a few months back that they “will introduce a new strict liability criminal offence that could mean jail for those who do not declare taxable offshore income’’ since when many freelance contractors and consultants have been keeping a keen eye on what’s coming. We’ve now learned that HMRC are already in consultation over […]

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Contractor Travel and Subsistence Expenses – Tax Review

Following the Office of Tax Simplification’s (OTS) ‘Review of employee benefits and expenses: second report’, the government has just launched the first part of their review, which runs from July – Oct ’14, to better understand the commercial realities of travel and subsistence payments to our current workforce, taking particular account of the increased number […]

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IR35 legislation news following House of Lords review

Following a critical House of Lords review of the IR35 legislation, they found hostility amongst contractors towards the legislation. HMRC were asked to do more to prove its worth and have responded by providing new IR35 intermediaries legislation guidance which can be downloaded here.

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Current ONS employment stats report record high employment levels

The Office of National Statistics report that last quarters employment levels continue to rise and unemployment continues to fall across Great Britain, continuing the trend of the past two years. ONS headline figures are now: EMPLOYMENT: UNEMPLOYMENT: ECONOMICALLY INATIVE: There are 8.78m people aged 16 – 64 who are out of work but not seeking […]

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