New Chancellor of the Exchequer Jeremy Hunt has announced the government will not be repealing the off-payroll working rules from April 2023 – just weeks after ex-Chancellor Kwasi Kwarteng said the government would ”repeal the 2017 and 2021 reforms” from April 2023. This news will undoubtedly frustrate and disappoint all stakeholders …
Initially introduced by the government in 2000, IR35 legislation stops disguised employees from taking advantage of tax-efficient payments via an intermediary (personal service company, or PSC). With the recent announcement that the IR35 reforms will be repealed in April 2023 – here is what you need to know. IR35 isn’t …
IR35 is not being scrapped in April 2023 – here is what you need to know » Read the full story
More IR35 confusion has come to light, this time from the Department for Work and Pensions (DWP). A review into the DWP’s IR35 compliance has unveiled an £87.9 million payment to HMRC. This payment is a result of years of inaccurate IR35 employment status assessments of contractors. IR35 is complex, …
If you find yourself inside IR35, you may decide that the best option for your payroll is an umbrella company – and you’d probably be right. However, you must understand how umbrella companies work, and how IR35 legislation is changing the way contractors are being paid. Keep reading and discover …
Using an umbrella company when inside IR35 » Read the full story
Umbrella companies are growing in demand as a result of the impending changes to off-payroll in the private sector (IR35) legislation. However, thousands of contractors who are used to contracting through a personal service company may be asking ‘why use an umbrella company?’ The following tips should help. Easy alternative …
If you take on an assignment inside IR35, you may decide that you’re better off using an umbrella company for your payroll. After all, if you’re a limited company contractor– you won’t be able to pay yourself with a combination of dividends and salary because the fee-payer will make deductions …
The Umbrella Company Checklist For Contractors Inside IR35 » Read the full story
If you’re contracting with a personal service company (PSC) in the private sector, you should be familiar with Status Determination Statements (SDS). However, if you’re not, we’ll provide a quick snapshot for you. After all, we’re not just here to advise contractors looking at umbrella companies! We want to assist …
Are you familiar with Status Determination Statements (SDS)? » Read the full story
Changes to off-payroll in the private sector are set to roll out in April 2021. They may be a year late, but they’re coming! It’s expected that several limited company contractors may find themselves inside IR35 at some point in the future, and as a result, umbrella companies may see …
