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Lloyds shows limited company contractors the door

Lloyds shows limited company contractors the door

Lloyds Bank is the latest firm to announce that they won’t engage contractors who work through a personal service company. In a long-awaited decision, Lloyds announced that their contractors will now be considered off-payroll workers and cannot work through their own limited companies. Going forward, they’ll be given these three options: Leave the company at

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IR35: Paperwork that could save your skin

IR35: Paperwork that could save your skin

In the event of an IR35 investigation, HMRC will examine the evidence that the contractor is in business on their own account. This will broadly relate to how much supervision, direction and control (SDC) the contractor works under. Even if a contractor’s day-to-day working practices reflect their independent status, they’re often unable to offer any

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More reasons to go into contracting?

More reasons to go into contracting?

The UK’s Trades Union Congress (TUC) is backing the ‘Flex for All’ campaign to extend flexible working rights to everyone. The campaign comes in response to research that shows one in three people who request flexible working are turned down by their employer. Under the current UK, law staff have the right to request flexible

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Boris gives green light to loan charge

Boris gives green light to loan charge review

Boris Johnson has announced a review into the loan charge after being challenged on Prime Minister’s Question Time. Conservative MP for Aberdeen South, Ross Thomson, asked the conservative leader what action the government was taking to address the controversial issue, which has caused thousands of contractors serious distress. The PM came under pressure from campaigners

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National retraining scheme launches in Liverpool

National Retraining Scheme Launches in Liverpool

While technologies like AI and automation are transforming the way we live and bringing huge benefits to our economy, automation also means that some roles will become a thing of the past. Repetitive manual work and administration are at the greatest risk from computerisation, while skilled jobs and those that require human qualities such as

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HMRC introduce status determination statements

HMRC introduce Status Determination Statements

Status Determination Statements (SDS) have been introduced by HMRC as part of the IR35 process that end clients will adopt from April 2020. The draft off-payroll legislation specified that an SDS must be carried out for each separate engagement and must also contain the client’s rationale for making their decision on the contractor’s employment status.

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How IR35 will effect your payroll solution

How IR35 will affect your payroll solution

A key decision you will need to take when you decide to contract is how you’ll be paid. There are two options: being employed via an umbrella company or forming your own limited company. However, a piece of legislation that has been in force since 2000 is due for an overhaul and will have a

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Off-payroll draft legislation reveals few surprises

Off-payroll Draft Legislation reveals few surprises

HMRC published the draft off-payroll legislation last week as part of the Finance Bill 2019-2020. The legislation confirms that the off-payroll reforms will be extended to the private sector from April 2020. The draft legislation follows just weeks after the government consultation, however many of the issues raised by industry bodies have not been addressed

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IR35 victory for TalkSport host

IR35 victory for TalkSport host

Radio presenter Paul Hawksbee has won his IR35 tribunal after challenging a deemed tax bill of £140,000. The case marks yet another defeat for HMRC in their recent pursuit of media presenters such as Lorraine Kelly and Loose Women’s Kaye Adams for retrospective tax bills. Hawksbee has been co-presenting the Hawksbee and Jacobs show for

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Sector Watch: What’s hot for IT contractors?

Sector Watch: What’s hot for IT contractors?

IT is arguably the most popular specialised contractor skill in the UK. As new technologies such as AI, blockchain and big data are utilised across all industries, there’s a growing need for skilled technical workers to meet the demand. This means that fast access to specialists who can maintain the technology’s day-to-day functioning and ensure

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