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In the first Scottish budget since the country gained more wide-ranging power to control income tax, the SNP’s finance minister has announced plans that will put a squeeze on middle and higher income tax payers in the country.
The first Holyrood budget, announced earlier this month, includes plans for a £190 million raid higher earners that will see some contractors paying £300 more than their English counterparts.
Triple congratulations are due to Adam Connell. Not only did he make history in November by becoming the first to win Umbrella’s prestigious Employee of the Month award twice, but he also picked up the company’s annual Customer Relationship Excellence award, and is celebrating promotion to Senior Account Manager!
All good things come in threes!
Well done Adam! Well deserved!
From April, contractors working in the public sector will lose the right to determine their own IR35 status. As a consequence, thousands of PSC contractors could see their take home pay reduced.
In many cases it is feared that the legitimate contractors will be caught out by the reforms and unfairly end up on inside-IR35 contract and paying a heavy price for it.
There are, however, some ways that contractors can try to avoid IR35 and, if inevitable, mitigate the impact of an imposed inside-IR35 contract.
The government has published a new policy document detailing the changes to IR35 and off-payroll working rules for public sector contractors.
Although there weren’t any major shocks in the changes, which come into effect for personal service company (PSC) contractors next April, we thought it beneficial to publish a full preview of the rules so that customers can start to prepare for the changes.
Following last week’s Autumn Statement the government’s position on public sector IR35 reform is clear. But Britain’s judges could block the plans if they are shown to contradict employment law.
Set to be introduced in April 2017, the public sector IR35 reforms will lead to many public sector contractors losing some of their take home pay and the changes could have some nasty unintended consequences for public services too.
