The official "Autumn Statement 2015" AKA "End of Contracting" thread

[TheCyclingProgrammer]

Employment intermediaries and tax relief for travel and subsistence – As confirmed at Summer Budget 2015, the government will legislate to restrict tax relief for travel and subsistence expenses for workers engaged through an employment intermediary, such as an umbrella company or a personal service company. Following consultation, relief will be restricted for individuals working through personal service companies where the intermediaries legislation applies. This change will take effect from 6 April 2016.

So, no travel and subsistence if you're IR35 caught?

[BlueSharp]

Quick scan suggests no IR35 details though.

All I can find is:

Disguised remuneration – The government intends to take action against those who have used or continue to use disguised remuneration schemes and who have not yet paid their fair share of tax. The government will also consider legislating in a future Finance Bill to close down any further new schemes intended to avoid tax on earned income, where necessary, with effect from 25 November 2015.

[pjt]

From the detailed document!!

Employment intermediaries and tax relief for travel and subsistence – As confirmed at Summer Budget 2015, the government will legislate to restrict tax relief for travel and subsistence expenses for workers engaged through an employment intermediary, such as an umbrella company or a personal service company. Following consultation, relief will be restricted for individuals working through personal service companies where the intermediaries legislation applies. This change will take effect from 6 April 2016.

So from this can we take it we're only hit with this under IR35? I can live with that.

[AtW]

"3.92 Capital Gains Tax entrepreneurs’ relief: contrived structures
– The government will consider bringing forward legislation to amend the changes made by Finance Act 2015 to
entrepreneurs’ relief, in order to support businesses by ensuring that the relief is available on
certain genuine commercial transactions"

Nothing else on it yet.

The way I read it this means they'll stop PSCs from claiming it for sure, probably most small companies that won't fit "genuine commercial transactions" - meaning, if you shut down your business you won't get ER.

[BlueSharp]

So, no travel and subsistence if you're IR35 caught?

That's how I understand it.

[pjt]

So, no travel and subsistence if you're IR35 caught?

For now I'm hoping that's the case! Have we dodged a bullet??

[PurpleGorilla]

T&S confirmed
HMG to cut use of agencies/contractors by 20%

Can't see anything else searching for;

Contractor
Freelance
Intermediary

[jamesbrown]

Nothing obvious, but I note two paragraphs in particular on p.123

3.85 Company distributions – The government will publish a consultation on the rules concerning company distributions later in the year. The government will also amend the Transactions in Securities rules and introduce a Targeted Anti-Avoidance Rule in order to prevent opportunities for income to be converted to capital in order to gain a tax advantage. (Finance Bill 2016) (18)

3.87 Disguised remuneration – The government intends to take action against those who have used or continue to use disguised remuneration schemes and who have not yet paid their fair share of tax. The government will also consider legislating in a future Finance Bill to close down any further new schemes intended to avoid tax on earned income, where necessary, with effect from 25 November 2015.

[MrMarkyMark]

So from this can we take it we're only hit with this under IR35? I can live with that.

Reads like that to me

[eek]

So from this can we take it we're only hit with this under IR35? I can live with that.

Think so which to me is a my work there was of use.