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.
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.
Directors said the OTS should have prioritised the design of a clear business test to distinguish between employees and the self-employed.
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.
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.
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 experts have said that tax relief reforms should be implemented in conjunction with a reform of the actual rates of taxation.
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.
A new report from the National Audit Office says that HMRC raised £8.5bn from its investigations into cases of serious tax evasion.
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.
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.
The REC has written to the chairman of the Office of Tax Simplification highlighting the importance of a comprehensive review of the IR35 regulations.
The Office of Tax Simplification was officially established by George Osborne and David Gauke, the Exchequer Secretary, on Tuesday.
The PCG has launched a checklist to help clients’ double check they have all the steps in place to ensure a project runs smoothly.
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).
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.
The Chartered Institute of Taxation has called on the new coalition to prioritise tax reform. They have written to George Osborne, the new chancellor, highlighted the need to simplify the current tax regime.
According to a recent manifesto published by the IT trade association Intellect, a fundamental overhaul of the UK tax incentive system could create as many as 250,000 jobs for IT contractors.