Autumn Statement 2023 – Hope for Contractors The Chancellor of the Exchequer, Jeremy Hunt MP, announced the Autumn Statement 2023 with a plethora of measures intended to stimulate the economy in advance of the general election. Of significance, the Chancellor confirmed (see paragraph 5.50 below) that the Government will introduce legislation, presumably to come into …
Unfortunately, some unscrupulous recruiters are requiring contractors to buy IR35 tax insurance for engagements where the client is within the scope of the off-payroll legislation. Here are some reasons why you should NEVER buy IR35 insurance, especially when contracting via a recruiter and the client is medium or large: Recruiters and insurers promoting IR35 insurance …
Following the recent article on the requirement to take reasonable care when drafting status determination statements, it is clear that clients engaging limited company contractors and the non-legally trained IR35 advice community would benefit from an analysis of the law in this regard. Various services have recently emerged which sell the illusion of a friction-free …
Reasonable Care and the Off-Payroll Legislation – Don’t use CEST Read More »
The off-payroll legislation enacted in April 2021 introduced a requirement for medium and large private sector clients to use reasonable care in drafting status determination statements when engaging contractors. However, this apparently straightforward requirement has given rise to considerable confusion. The aim of this article is to provide clarification to cut through the bold claims …
Reasonable care and the off-payroll legislation – time for some myth busting Read More »
Today the Chancellor of the Exchequer, Jeremy Hunt MP, announced the Spring Budget 2023. Other than the increase in Corporation Tax from 19% to 25% in April, little of relevance to limited company contractors and recruiters was announced. Superficially, this may be tolerable, but pitfalls remain, and limited company contractors must remain vigilant about the …
The Commissioners for Her Majesty’s Revenue & Customs v Atholl House Productions Limited [2022] EWCA Civ 501 The Court of Appeal has handed down judgment in The Commissioners for Her Majesty’s Revenue & Customs v Atholl House Productions Limited [2022] EWCA Civ 501, contradicting HMRC’s interpretation of the law and remitting the case back to the …
Today, the Chancellor of the Exchequer, announced the Spring Budget. As widely reported, the planned increase in National Insurance contributions will proceed from 6 April 2022 despite inflationary pressures. Employee’s National Insurance contributions will increase from 12% to 13.25% while employer’s National Insurance contributions will increase from 13.8% to 15.05% to help fund increased expenditure …
We have noticed an unfortunate tendency for recruiters to require contractors to opt-out of the Conduct of Employment Agencies and Employment Business Regulations 2003 (the “Conduct Regulations”) where an engagement is deemed to be inside IR35/off-payroll. Whether or not the client has taken reasonable care about undertaking the status determination statement by procuring independent and …
Why the Autumn Budget 2021 is Good News for Contractors Read More »
Today the Chancellor of the Exchequer announced the Budget, which has been preceded by more leaks than Mélusine after a night on the town. The Autumn Budget and Spending Review 2021 reaffirmed in paragraph 5.28 the Government’s planned increase in National Insurance contributions by 1.25% effective from April 2022. We regard the increase in National Insurance contributions as …
Spring Budget Increases Costs for Umbrella Companies and Clients Read More »
Northern Light Solutions Limited v The Commissioners For Her Majesty’s Revenue and Customs UT/2020/000353 The Northern Light Solutions Limited (“NLS”) judgment is somewhat concerning since few contractors can operate outside of IR35 if the judgment is taken at face value. The judges seem to have fallen into the trap of overzealously applying the work/wage bargain. …
Defeat for Northern Lights Solutions Limited in Upper Tier Tribunal Appeal Read More »
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