Feb / 26
Well known TV presenter Eamonn Holmes has been defeated by HMRC at an IR35 tax tribunal. Holmes appealed against HMRC’s tax assessment concerning engagements between his limited company, Red, White and Green Limited and ITV during the 2011/12 and 2014/15 tax years. The parties are yet to agree on the exact figures owed. Tribunal Judge
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Feb / 25
The number of contractors shutting up shop on their limited companies is rocketing according to insolvency practitioners. With IR35 reform only a few weeks away and the PSC ban in full swing, many limited company contractors have come to the conclusion that the useful life of their limited company has come to an end. The
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Feb / 24
Contractors’ reactions to the controversial IR35 reforms due for roll out this April are picking up momentum as the Treasury shows no sign of listening to their concerns. The Financial Times reported that Deutsche Bank is facing a walkout by contractors in a London change management team who have been compelled by the bank to
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Feb / 21
One of the unforeseen consequences of forcing contractors out of their limited companies and onto the payroll is their fear of retrospective action from HMRC. While end-clients apparently assumed that contractors would have little choice but to comply with an inside IR35 status and non-negotiable terms, contractors’ mistrust of HMRC has thrown an additional spanner
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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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