The Treasury is targeting IT contractors, consultants and other freelancers who are paid through “personal service companies”. Currently, it is up to the workers to pay the correct personal tax and national insurance contributions. HM Revenue & Customs believes that most of them do not comply in full.
No - what are the exact rules in black and white as defined in law? I won't accept shaming or wooly language around their interpretations of shoulds and shouldn'ts. BUt they won't because this is how they selectively decide who's in the club and who isn't. Oh and this as well:
But it would also hand a cash boost to Hammond, who is scrambling to fund public sector pay rises and to increase spending on the NHS and social care.
So we'll form micro consultancies and provide services for specific bits of work - or go perm or move abroad or go plan B. Maybe we'll get publicly shamed in the media soon...
Leave a comment: