Budget 2017 Articles

Budget 2017, IR35, Private sector, Consultation,
marketing | 24 November 2017
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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.

OECD calls for self-employed tax hike
marketing | 24 October 2017
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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.

Could treasury extend IR35 reforms to private sector?
marketing | 6 November 2017
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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.