Originally posted by LisaContractorUmbrella
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Reply to: Autumn Statement - Umbrella Companies
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Previously on "Autumn Statement - Umbrella Companies"
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Originally posted by slatt View PostWould that be the same consultation process that gave us the recent APN legislation?
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Originally posted by SunnyInHades View PostThe web page I took the snippet from was entitled "New rules for business travel and gifts" (BBC News - New rules for business travel and gifts)
Here's a bit more from that page, including the snippet in context..
Travel and umbrella companies
...Some umbrella companies argue that each of these contracts is temporary, and so their employees can get tax relief on all their reimbursed travel costs. The government is now to launch a consultation on the use of travel rules by umbrella companies, which will "inform potential future action". The Autumn Statement anticipates that this will increase the Treasury's tax take by £120m in 2016-17, so any changes are likely to take effect from April next year.
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The web page I took the snippet from was entitled "New rules for business travel and gifts" (BBC News - New rules for business travel and gifts)
Here's a bit more from that page, including the snippet in context..
Travel and umbrella companies
...Some umbrella companies argue that each of these contracts is temporary, and so their employees can get tax relief on all their reimbursed travel costs. The government is now to launch a consultation on the use of travel rules by umbrella companies, which will "inform potential future action". The Autumn Statement anticipates that this will increase the Treasury's tax take by £120m in 2016-17, so any changes are likely to take effect from April next year.
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Originally posted by SunnyInHades View PostBBC website update yesterday .. "The Autumn Statement anticipates that this will increase the Treasury's tax take by £120m in 2016-17, so any changes are likely to take effect from April next year."
So no more umbrella travel expenses after April ?
I think what will happen is that HMRC will look at all those business models that have been shoved under the heading of 'umbrella company' and legislate against those that they consider are not compliant. If I'm wrong and they did decide that umbrella travel expenses were not allowable then thousands of contractors would set up Ltd Co and work outside IR35 knowing HMRC haven't got much power to police which would mean losses to the Exchequer. They may be daft but they're not that daft.
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BBC website update yesterday .. "The Autumn Statement anticipates that this will increase the Treasury's tax take by £120m in 2016-17, so any changes are likely to take effect from April next year."
So no more umbrella travel expenses after April ?
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Originally posted by BolshieBastard View PostOye! Watch how you talk to Lisa. Geddit?
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Originally posted by PerfectStorm View PostWould such companies be to sit in on any relevant court cases as well?
Ah well - contractors shouldn't worry. If you wanted maximum value for your contracting day you should be going Limited anyway, surely?
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Would such companies be invited to sit in on any relevant court cases as well?
Ah well - contractors shouldn't worry. If you wanted maximum value for your contracting day you should be going Limited anyway, surely?
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Originally posted by Waldorf View PostWhat do you mean you will be sitting in? You and indeed anyone else can contribute to the consultation but lets not pretend that you have a privileged status. .
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Originally posted by TheFaQQer View PostThere's a table, and only some people get invited to sit at the table. Sometimes, there's a party and only some people will get invited to go to the party. If you are going to disagree with anything that HMRC are going to say, then you won't be invited to sit at the table or go to the party. So you should always agree with HMRC, even if you don't know what you want to happen, just to get an invite to the party and a seat at the table.
That's what I've learned from the IPSE forums over the past few weeks.
You also have to bring 'gifts'
I know, I was told by someone who can never, ever be wrong. Repeatedly until his head hurt. I think he's having a lie down atm.
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Originally posted by Waldorf View PostWhat do you mean you will be sitting in? You and indeed anyone else can contribute to the consultation but lets not pretend that you have a privileged status.
That's what I've learned from the IPSE forums over the past few weeks.
Leave a comment:
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