The grace period offered to British medium to large businesses who engage limited company contracts draws to a close on April 6th. This means that contractors could be facing significant change to the approach taken by end clients to date when it comes to deciding if a contract falls within or outside IR35.…
READ MORE
Just last week petrol station giants BP and Tesco warned of restricted fuel deliveries to their forecourts across the country. In a press release dated 24th September, BP announced closures to some sites due to “delays in the supply chain which has been impacted by the industry-wide driver shortages across the UK”.…
READ MORE
The Home Office has been handed a £33.5million IR35 bill by HMRC after a review of its off-payroll compliance process was found to be “careless”. The tax bill was revealed in the department’s recently published 2020-2021 annual report and accounts.
The document reveals that HMRC placed the Home Office under review in 2018 following its implementation of the change to the off-payroll rules in the public sector that came into effect in 2017.…
READ MORE
The former England footballer-turned TV presenter Gary Lineker is facing a £5m tax bill from HMRC. According to the taxman, the star owes £3,621,735.90 in income tax and £1,307,160.46 in National Insurance contributions. Linker strongly disputes the amount and has been locked in battle with HMRC for over a year.…
READ MORE
One week into IR35 reform and there’s an inevitable lull after the frantic activity in the lead up to the deadline. While it might be a case of no news being good news, it’s likely the real impact won’t be known for some time.…
READ MORE
As the deadline for IR35 reform approaches, we’re beginning to see evidence of various approaches that reduce the risk of making incorrect assessments. Now the end client is the one left carrying the can, getting assessments wrong could have serious financial repercussions for companies with a large contractor base.…
READ MORE
With only two months to go until IR35 reform, there’s a sense of déjà vu as news of blanket assessments and limited company bans starts hitting contractor forums. While many companies who adopted these approaches a year ago did a U-turn when the reforms were delayed, many are now reverting to their original decisions.…
READ MORE
New government monitoring data shows that HMRC’s CEST tool delivers an inconclusive result a worrying 20% of the time. Between November 2019 and November 2020, CEST failed to deliver a verdict in 188,719 of cases out of 975,416. With reform fast approaching, we take a look at this ‘black hole’ in the tool’s logic and what it says about its’ ability to deliver a reliable verdict.…
READ MORE
It’s been reliably reported that HMRC have resumed IR35 enquiries that were put on hold because of the Covid-19 pandemic. In recent weeks, contractors who were being investigated pre-pandemic received letters from HMRC, asking if they were ready for the investigation to resume, and giving them chance to put forward any circumstances that would make this difficult.…
READ MORE© 2022 ContractingWISE. All rights reserved.
