The Government is to take action against employment businesses who abuse expenses tax relief rules, and aims to create a ‘level playing field’ for umbrella payroll providers. But will contractors be affected?
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With the Budget now less than a week away, contractors are looking on with interest to see what next steps the Government will announce regarding its plans to tighten rules on travel and subsistence reliefs for ‘overarching contracts of employment’.
New Government rules will require recruitment agencies to provide more information than ever to HMRC about the contractors on their books, including how much they’re paid. We asked an expert what this means in practice, and if there is a link between the new rules and IR35.
HMRC has outlined its plans to outlaw the exploitation of travel and subsistence rules via the use of overarching contracts of employment, which have been used by a minority of umbrella firms to avoid millions in taxes, whilst also distorting the market and undercutting their ethical rivals.
[18/3/2015 Update – The Chancellor announced a restriction on travel and subsistence payments to umbrella workers from April 2016 following a consultation period. It is hoped the measure will create a level playing field within the employment services industry. Read this article for more details.] In his Autumn Statement speech, the Chancellor announced a number […]
A new service has been launched which aims to simplify the contractor hiring process, thanks to an innovative approach to sourcing credible references from past clients. We talked to one of the co-founders to find out more.
HMRC has sent out demands for £250m under its new Accelerated Payments scheme, which was implemented via this year’s Finance Act. 600 demands for payment have been dispatched since August, forming part of the Government’s eventual target to reclaim tax from over 40,000 users of tax avoidance schemes – including arrangements marketed at contractors.
Many major newspapers claimed that Ed Miliband would launch a clampdown on umbrella company expenses during his Manchester conference speech this week. Such a pledge failed to materialise on the day, so where does Labour stand on this issue?
A survey of 200 contractors by recruitment firm, Morgan McKinley, found that over three-quarters of City-based contractors work additional hours for their clients.
A survey of recruitment consultants has highlighted the importance of developing niche skills in the current market, and reveals the reasons why some contractors are overlooked at renewal time.