If you work on an 'inside IR35' contract post-April 2021, then your fee-payer (agency or client) will be responsible for deducting taxes from your contract income, but exactly how is this income taxed before your limited company receives funds? … [more]
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The forthcoming off-payroll changes to the private sector represent a massive challenge to the contracting industry. Here we have included some of the most common FAQs we've been asked about the IR35 reforms. … [more]
Under the off-payroll rules, from April 2021, private sector clients are responsible for determining a contractor's IR35 status. The decision must be contained within a Status Determination Statement (SDS), alongside the client's reasoning. … [more]
The IR35 'off-payroll' rules will be extended to the private sector from April 2021 onwards, directly affecting a large number of contractors. What exactly does this mean, and what should contractors and clients do to comply with the new legislation? … [more]
With 'outside IR35' contracts now in high demand by contractors, due to the introduction of the April 2020 'off-payroll' rules, how have the legislative changes affected the contract jobs market, and how are agency recruiters reacting? … [more]
Are you one of the millions of people who are eligible to claim the Marriage Allowance, but haven't done so yet? Here we explain how this allowance - worth £250 per year - works, and how to claim it. … [more]
The Intermediaries Legislation (aka IR35) was first mentioned in a 1999 Inland Revenue press release. The rules to counter alleged tax avoidance via the use of ‘personal service companies’ became law in 2000, and remain in place today. Here we look … [more]
One of the biggest sources of confusion for new umbrella company users lies in the way contractor pay rates are quoted. Does your rate include 'employment costs', and if so, what does this mean? And are some unscrupulous providers misleading over the … [more]
If you submit your self-assessment tax return late, fail to pay any tax you owe on time, or make errors in your submission, you could find yourself liable to a wide range of HMRC penalties. … [more]
An Early Day Motion (EDM) calling for the suspension of the April 2020 off-payroll implementation, and a meaningful review of the IR35 legislation is gaining momentum. With the help of contractors willing to take the time to get in touch with their … [more]