Feb / 20
The news of Sajid Javid’s resignation last week came amid rising disquiet from the contracting sector. Only the day before, off-payroll protesters had gathered outside parliament to demand an end to “zero rights employment”. The off-payroll reforms scheduled for April are already causing havoc in the private sector, where unprepared businesses are forcing PSC contractors
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Feb / 19
The news came this week that BP contractors have until 31 March 2020 to accept a new contract that will seem them taxed in the same way as salaried workers. Contractors working for the oil and gas giant are understood to have received communication via their employment agencies that BP will sever ties with all
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Feb / 18
New research has found that contractors’ confidence in their business is at a six-year low because of government tax policies. According to IPSE and PeoplePerHour’s Confidence Index, independent workers’ projected confidence over the next 12 months has dropped to the third-lowest level since the Index began. Contractor earnings have also dropped by 6 per cent this
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Feb / 12
Independent bodies representing the recruitment sector have voiced their concerns over the April off-payroll reforms. The Recruitment & Employment Confederation (REC), along with leaders from 14 leading recruitment agencies, has written to the Chancellor asking for a delay to the off-payroll rules. Despite the current IR35 review, representatives for the contracting industry are asking the
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Feb / 10
On February 4th it was announced that a House of Lords sub-committee will conduct an inquiry into the extension of the off-payroll rules to the private sector. The sub-committee is part of a wider inquiry into the Finance Bill as it passes through Lords, which will review all proposed and existing tax legislation. Published last
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Feb / 5
There are signs that the banking sector could be heading towards a major crisis in the lead up to the Off-Payroll reforms in April. This was the sector that instigated the now widespread PSC ban, which has resulted in many contractors being forced out of their limited companies and onto the payroll. Banks are particularly
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Feb / 4
There are warnings that the IR35 reforms will hit the tech sector harder than any other market. The reforms, due to be introduced on April 6th 2020, could heavily affect investment in the tech/IT sector. Most industries are reliant on niche tech skills to keep their IT infrastructure up to date. However, Brexit and the
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Jan / 31
Last week saw the Treasury publish a ‘Factsheet for Contractors’ on its website, leaving many to question what useful purpose the document served. While the government have said thy will release more guidance for contractors on the coming IR35 reforms, the factsheet wasn’t even published on HMRC’s website, meaning that many people looking for IR35
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Jan / 28
Concerns were raised as HMRC published draft secondary legislation of the off-payroll rules for technical comment on 22 January. The release of the draft legislation has occurred before the completion of the government’s review of the IR35 rule changes. This has lead many to believe that the review won’t make any meaningful amends. Many businesses have been
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