Clauses included within the Off-Payroll section of the 2020 Finance Act imply that the role of umbrella companies may be redundant after the April 2021 private sector IR35 rollout, prompting HMRC to rapidly publish clarification on the matter.
Contractor News Updates
We typically publish site updates when important events take place (such as upcoming changes to legislation, Budget reports). You can also keep up-to-date with the latest contractor news updates by following us on:
- Twitter (recommended)
- Our RSS Feed
No change to 2021 Off-Payroll start-date, as 2023 extension amendment rejected
The Finance Bill was approved without division in the House of Commons earlier today; a proposed amendment by David Davis MP to delay the Off-Payroll reforms until April 2023 wasn’t even selected for debate by the Speaker. This means that the private sector Off-Payroll legislation deferral to April 2021 remains unchanged.
Contractors, sick pay and COVID-19: What you need to know
As the COVID-19 pandemic continues to sweep across the country, it’s clear that all types of workers have been affected in one way or another. Often, it’s presumed contractors suffering from an illness will not receive any income for the time that they’re unable to work. However, you may be eligible to help, depending which […]
Contractors can apply for pandemic relief via the Bounce Back Loan Scheme
With most contractors ineligible to benefit from the main Government COVID-19 support schemes, the new Bounce Back Loan scheme may offer some relief to cash-starved small companies.
COVID-19 Contractor Eligibility Calculator – what can you claim for?
The Government has announced a series of measures to support businesses and people through this period of disruption. Here, the team at Forma has put together an excellent summary of the various schemes, plus a calculator.
Limited company contractors excluded from self-employed COVID-19 support
Limited company contractors won’t benefit from the new COVID-19 self-employed support package, unveiled by the Chancellor this week.
Budget 2020 – Off-payroll changes will go ahead on April 6th
Today’s Budget confirmed that the April IR35 reforms will go ahead as planned. A series of smaller, positive announcements won’t make up for the seismic off-payroll changes, which are causing chaos at a time of unprecedented uncertainty.
Agencies must provide contractors with ‘Key Information Document’ from April 2020
From April 2020, all recruitment agencies must furnish applicants with a ‘Key Information Document’ (KID) prior to signing up. Here we look at what this new requirement involves, and what contractors should look out for.
Budget 2018 – IR35 ‘off payroll’ reform to hit private sector from April 2020
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
2019 Loan Charge – retrospective tax targets contractors
Contractors who have used disguised remuneration schemes in the past may be subject to the 2019 Loan Charge – retrospective taxation on a scale not seen before. We look at what this means for those involved.