David Gauke states his commitment to overhauling IR35
HMRC should focus on detecting genuine cases of disguised employment rather than jumping to the conclusion that all freelancers are subject to IR35 rules, according to the REC.
IR35
Umbrella companies protect you from IR35 whilst still maximising your pay. Here we have all the latest news on this controversial piece of tax law.
The PCG will be a member of the new IR35 Forum
Contractors who had hoped to see the demise of IR35 may be interested to learn that the PCG is to be part of the new IR35 Forum.
What’s next for IR35? Scrap heap or reform?
Directors said the OTS should have prioritised the design of a clear business test to distinguish between employees and the self-employed.
The end of the road for IR35?
Member companies of the REC met with the Office of Tax Simplification last week to discuss IR35. The REC was recently appointed to the OTS’ small business consultative committee. The head of public policy at the REC, Gillian Econopouly, said she was delighted that members had the opportunity to discuss IR35 directly with the OTS.
Are locums actually disguised employees?
HMRC has been investigating the employment status of locum doctors and as a result they and the practices they work in may have to pay extra tax.
REC joins OTS consultative committee
Umbrella company contractors will be interested to hear that the REC is joining the Office of Tax Simplification. REC officials will now join a number of other legal and tax experts on the small business consultative committee.
Tax relief reforms and tax rate reforms should go together
Tax experts have said that tax relief reforms should be implemented in conjunction with a reform of the actual rates of taxation.
Income splitting to be investigated by OTS
The Office of Tax Simplification is to look into the issues surrounding family businesses that split their income in a bid to avoid paying taxes.
HMRC increases revenue from tax evasion cases
A new report from the National Audit Office says that HMRC raised £8.5bn from its investigations into cases of serious tax evasion.
Mirrlees review proposals are not good news for contractors
Umbrella company contractors, freelancers and other self employed workers might not be too happy when they read the recommendations of an influential think-tank regarding Britain’s taxation system.
Have your say on how to cut spending
George Osborne has announced that, as part of the government’s Spending Challenge, the public have submitted more than 100,000 ideas on how the coalition should cut spending.
Reviewing IR35 will not be a quick process warns the OTS
The REC has written to the chairman of the Office of Tax Simplification highlighting the importance of a comprehensive review of the IR35 regulations.
Two interim tax experts are heading the OTS
The Office of Tax Simplification was officially established by George Osborne and David Gauke, the Exchequer Secretary, on Tuesday.
PCG launch flexible worker checklist for clients
The PCG has launched a checklist to help clients’ double check they have all the steps in place to ensure a project runs smoothly.
Some legislation “just isn’t needed”!
Small businesses in the UK are spending too much time complying with red tape and government bureaucracy, according to a new report by the British Chambers of Commerce (BCC).
What does the Queen’s speech mean for contractors?
The REC is understandably delighted that George Osborne has reversed part of the plan to increase NICs. They had opposed the move, as had all business bodies, as the potential cost would have prevented the jobs market recovering fully from the recession.