With the private sector off-payroll rules due to hit the contracting sector in April 2020, an industry expert explains what PAYE umbrella companies can offer contractors caught by the changes, and why you should watch out for unscrupulous operators.
Contractor News Updates
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Today, ten contracting organisations signed a joint letter to the two Conservative leadership candidates, asking them to urgently reconsider two damaging pieces of legislation – IR35 (off-payroll) and the Loan Charge.
With the planned extension of the IR35 off-payroll rules to the private sector due to go ahead in April 2020, a campaign to stop the damaging reforms from going ahead has been launched this week.
Dozens of MPs have backed a cross-party amendment tabled by Sir Ed Davey, which has forced the Treasury to review its position on the controversial Loan Charge rules.
The 2019 Loan Charge has been condemned by a House of Lords committee, which claims that ‘disturbing evidence’ shows that HMRC has misused its powers in collecting the retrospective tax.
The next Budget will be delivered on Monday 29th October. The main focus of the contracting community, of course, will be on whether or not the ‘off payroll’ IR35 rules will be extended to the private sector
Despite a catalogue of recent errors, HMRC has now launched an IR35 investigation into the affairs of ITV presenter Eamonn Holmes. Who will they target next?
A contractors’ group has launched a legal challenge against HMRC – on the basis that the forthcoming 2019 Loan Charge breaches the human rights of those targeted by the legislation.
The current consultation into extending the so-called ‘off-payroll’ (IR35) rules to the private sector is just the latest in a series of targeted tax strikes against professional contractors which goes back almost two decades.
A leading small business organisation has raised concerns that the Chancellor may be considering yet another dividend tax hike in the coming months.