Compliant flexible PAYE solutions for contractors & freelancers
Specialist limited company accountancy for contractors
Giving workers in the construction industry greater flexibility
Bringing you exclusive discounts, the best deals and offers
Company Rescue, Recovery and Closure Advice for Business Owners
Industry leading solutions for agencies
Why wait? Call or email us now to find out how we can help
The Autumn Budget delivered this week by Chancellor Philip Hammond was better than contractors than many had expected.
But it did include details about a consultation to extend dreaded public sector IR35 compliance rules over to the private sector.
This is a notoriously tricky subject, so we have produced a brief guide will all the information you need to know.
Calls from the Organisation for Economic Cooperation and Development (OECD) to revive plans for a self-employment tax hike have been met with scorn and confusion from self-employment pressure groups.
The last budget, delivered before the general election in June, included plans to increase National Insurance Contributions (NICs) for self-employed workers.
But in an embarrassing U-turn the Chancellor was forced to drop the tax hike when MPs pointed out that it contravened a 2015 election promise not to increase VAT, NICs or income tax.
Reforms to ‘disguised employment’ IR35 rules were introduced in the public sector this year. The new rules caused confusion amongst recruiters and lead to a take-home pay cut for many contractors.
Now the Treasury has dropped its strongest hint yet that similar reforms could be introduced in the private sector – with the potential to affect millions of contractors and freelancers.
Philip Hammond’s final Spring budget statement was met with fury from the self-employed community when the Chancellor broke a manifesto promise and increased taxes on the self-employed.
