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.
Contractor News Updates
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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 won’t benefit from the new COVID-19 self-employed support package, unveiled by the Chancellor this week.
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.
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.
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
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.
The Supreme Court has rejected an appeal by Pimlico Plumbers in a case which may have significant implications for the way workers are categorised for the purposes of tax and employment rights in the future. We ask how this ruling may affect contractors and IR35.
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.
Following news that a consultation will take place on extending the off-payroll IR35 rules to the private sector, Paul Gough asks whether this is just putting off the inevitable, or is the Chancellor going to take a proper look at the good, the bad and the ugly of the public sector IR35 situation?