Reply to: Link to the official AS2015 documents

[chubacabra]

Thank you both!

[TheFaQQer]

OK forgive me for being a bit dim here, but are they going to apply the SDC rules to T&C after April 16? Or if you are are outside of the IR35 rules as they stand currently you can still claim T&S?

From first sight - if you are inside IR35 then from April you will not be able to claim travel and subsistence expenses. The legislation to put that in place will be revealed on December 9th. If you are outside IR35 then you can still claim travel and subsistence expenses.

The outcome of the IR35 discussion document hasn't been revealed yet, but should lead to a consultation prior to legislation.

[mudskipper]

OK forgive me for being a bit dim here, but are they going to apply the SDC rules to T&C after April 16? Or if you are are outside of the IR35 rules as they stand currently you can still claim T&S?

From April '16, it's IR35 rules. IR35 rules will be 'clarified' at a later date. But for now, if you're outside, no change

[chubacabra]

OK forgive me for being a bit dim here, but are they going to apply the SDC rules to T&C after April 16? Or if you are are outside of the IR35 rules as they stand currently you can still claim T&S?

[ecc83]

It's not quite "as you were" because even under IR35, you could claim T&S. This means that inside IR35, you now can't.

Yeah, but didn't you know, no one here is inside IR35? (see also, Shawshank Redemption: "hey kid, didn't you know everyone here is innocent?")

[TheFaQQer]

Isn't this pretty much "as you were chaps" if I am reading this bit correctly. "...relief will be restricted
for individuals working through personal service companies where the intermediaries legislation
applies." My take on this is if caught by IR35 the tax relief on T&S will be restricted.

It's not quite "as you were" because even under IR35, you could claim T&S. This means that inside IR35, you now can't.

[TheFaQQer]

Forgive the stupidity - but what did that say?

https://www.gov.uk/government/upload..._July_2015.pdf

Lots of things

[Yorkie62]

3.20 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.

Isn't this pretty much "as you were chaps" if I am reading this bit correctly. "...relief will be restricted
for individuals working through personal service companies where the intermediaries legislation
applies." My take on this is if caught by IR35 the tax relief on T&S will be restricted.

[MarkT]

3.97 Office of Tax Simplification (OTS) review of employment status – The government
has responded to the final report of the OTS review of employment status and is taking forward
the majority of recommendations.

Forgive the stupidity - but what did that say?

[TheFaQQer]

3.97 Office of Tax Simplification (OTS) review of employment status – The government
has responded to the final report of the OTS review of employment status and is taking forward
the majority of recommendations.

[Yorkie62]

Some of you must be charging a lot higher day rate than me if we're going to contribute that £5 billion between us

All in a days work for some of us

[javadude]

I think the key was in the speech itself. If you weren't listening you missed it, so here it is:

We said £5 billion would come from the measures on tax avoidance, evasion and imbalances.

Those measures were announced at the Budget.

basically as announced in July

Some of you must be charging a lot higher day rate than me if we're going to contribute that £5 billion between us

[Yorkie62]

https://www.gov.uk/government/public...2015-documents

So far - I can't see any more detail in there on what happens to us.

I think the key was in the speech itself. If you weren't listening you missed it, so here it is:

We said £5 billion would come from the measures on tax avoidance, evasion and imbalances.

Those measures were announced at the Budget.

basically as announced in July

[TheFaQQer]

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.

[Murder1]

So no concrete details, I'd like to say I'm surprised.

Let the panic and scaremongering resume