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This is not click bait it’s the basis for an argument if contractors find themselves being deemed inside.
It seems that hirers are issuing IR35 blanket determinations in the same way as almost all public sector bodies have since 2017, and perhaps the link to the underlying storyline wasn’t...
Tesco Bank Contractor Survival Guide: what to do if ‘inside IR35’ looms
This article is talking about IR35 insurance policies, but I wonder too how the ‘run off’ clauses under contractors’ Professional Indemnity insurance policies will stand up.
Wherever clients have effetively stated...
Absolutely, although the same adviser working for both sides may not be acceptable, but certainly the contractor's position will be reported to the hirer/client, which is what is supposed to happen and why hirers will be required to pass the determination down the supply chain - to give a right...
Contractors with company income generated under an agency contact - I haven’t seen this point raised anywhere else, so this is something to think about……
Chapter 7 S44-47 ITEPA 2003 (The Agency Legislation)
One of the qualifying conditions is that;
‘the legislation will only apply when...
I predicted that the public sector would cease using contractors or force contractors to use umbrella companies, while sitting at the consultation table. This was because the umbrella company representatives said they were going to tell clients to drop PSCs, and when I told HMRC that blanket...
There are enquiries into loans and advances paid in 2016/17 and subsequent years, but I was told letters are being sent as a nudge to complete a tax return, and penalties/interest will be levied only for people who do not report the untaxed income on the relevant tax return as it’s considered...
ESM2051 simply says that if you are working under supervision, direction or control, then agency legislation applies and your limited company must pay PAYE on your remuneration. If you don’t do that, the liability can fall back to the agency, so it’s reasonable enough that the agency asks you to...
I’d say that biggest whoosh moment is that if a hirer expects you to devote all of your efforts to their business and act in all respects as an employee, pay employment taxes and negate their exposure, then contractors need to negotiate higher rates, that’s what self employed people do, whether...
This weekend saw thousands of contractors receiving letters from HMRC, stating that it was the opinion that IR35 applies to their contracts and that they should pay employment taxes, i.e. start operating IR35, by the next due date, 19th September.
If you were one of the unlucky ones, don’t...
I am currently obtaining clearer guidance from HMRC about this issue for a couple of clients, because although everything seems to point to non resident status leading to a nil tax rate, this isn’t necessarily the case.
Where a non resident is being paid by a U.K. employer and the duties are...
I don’t know if anyone has posted this article before now, and I haven’t verified the links and relationships in this article, which is about the 89 year old accountant, Barbara Kahan, all I can say is it makes astounding reading.
This journo hadn’t recognised it but, for anyone caught by, or...
My definition of all is the standard definition and the statement was actually in the past tense.
And I agree, any umbrella company which has passed the FCSA accreditation process is more than likely adhering to PAYE regulations.
Of course, it’s always been about interpretation, but for...
For me, there are different kinds of tax advisor, ones who read the legislation and offer guidance, and others who read the guidance and offer ways they think a scheme will avoid the legislation. They’re both using the same skills and knowledge, but it’s the interpretation that’s askew.
Take...