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Control of cash-flow
Control of cash-flow
If your supplier would have significant control of your lifeline (cash-flow) it would be necessary for you to ensure you always have reserves of cash to call on. Alternatively, make sure your invoices are always settled early too.
I had assumed that the answer to that question would have come from some influential source with direct access to senior HMRC personnel, perhaps PCG for example.
In the meantime there has been a post lodged this morning at Contractor Calculator which shows this issue is already at the forefront...
Twelve out of fourteen of my posts mention IR35; that is a revealing statistic with which I am only acquainted by virtue of your reference, but it does not surprise me because I recognise it as a salient insight into how economic activity in Western democracies is evolving. The growth in...
There is no need to make the cynical connection.
This IR35 issue may have obscured innocent motives - my vested interest is in clarity.
I do not have any affiliation to the type of organisation you refer to in your question.
Your comments are appreciated and noted Mal. The Office Holder issue is, as you suggest, a possibly needless worry in the larger scheme of things for the majority of contractors/Freelancers. For those involved in interim assignments however, changes in Office Holder regulations do indeed present...
This is an interesting and possibly important assertion as regards the definition of an Office Holder. However, for it to be applicable in any assessment it mustn't contradict HMRC's own definition for IR35 purposes. Can you be sure this is the case?
Lawspeed again highlight Office-Holders and the role of project status in IR35 issues
Lawspeed again highlight Office-Holders and the role of project status in IR35 issues
For those community members involved with office-holder issues the latest thoughts of Adrian Marlowe of Lawspeed will have...
Two HMRC reference documents appear especially relevant to the IR35 amendment concerning Office Holders: ESM2503 - Offices: how an office is created and Offices: definition.
The first one explains how an Office (as in Office Holder) is created, whilst the second provides a description of what...
Are you associating a project funding stream primarily in terms of public sector/non-profit organisations and an Office Holder in a similar connotation?
Does this little snippet from today's web offerings help:
"Seb Maley, from Qdos Consulting, explained that an ‘office holder’, as defined in HMRC’s status manual is a ‘permanent, substantive position which had an existence independent from the person who filled it, which went on and was filled...
I take your point. This trend has been in existence for a while and is growing in significance. My curiousity in this instance lies with its logical conclusion. If the tax base erodes at an increasing pace - can you see IR35 rules remaining untouched?
That has the the essence opening gambit
That has the the essence opening gambit
There are some big issues lurking under the surface of recent disclosures about taxation and wider business practices. Was your contribution a throwaway comment or an invitation for the Contractor UK community to...
Is the pot calling the kettle black?
Is the pot calling the kettle black?
Let’s not get carried away by the current one-sided fashion to denigrate any activity associated with finance. Yes, there are wayward accountants in the same way as there are unscrupulous businessmen.
Many contributors...