Following an independent review of the controversial loan charge, the Government has launched a consultation on how it can tackle the use of these arrangements.

The loan charge was applied to contractors that participated in so-called ‘disguised remuneration’ tax avoidance schemes. In many of these schemes, contractors were effectively paid using ‘loans’ which did not have to be repaid.

How Summer Mini Budget Will Affect Contractors
Editor | 9 July 2020
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The Chancellor’s £30bn plan to protect jobs and boost the economy in the wake of the coronavirus outbreak doesn’t include everything on contractor’s wishlist, but some of the measures will be welcome.

The ‘mini budget’ includes plans to reward employers that bring back furloughed workers, increase the threshold on stamp duty and cut VAT in some key at-risk sectors.

Government’s Meek Response to Lords IR35 Report

HMRC and the Treasury have published a weak response to a damning House of Lords committee report on off-payroll (IR35) working rules. 

Industry commentators said that while the response acknowledged many of the issues facing limited company contractors, they failed to propose any proactive solutions.