Budget - Contractors, IR35, Umbrella Companies

19 March 2014

Umbrella.co.uk have reviewed the 2014 Budget Statement for any key issues affecting UK contractors.

An initial scan cannot find any relevant proposals regarding IR35 or Umbrella Companies but the below paragraph covered the Construction Industry Scheme (CIS):

2.215 Construction Industry Scheme (CIS) – The government will consult in summer 2014 on options to improve the operation of the CIS for smaller businesses and to introduce mandatory on-line filing for contractors. The government will also hold discussions with industry on revisions to reporting obligations and improvements in registration for joint ventures

The full budget is available: https://www.gov.uk/government/uploads/system/uploads/attachment_data/fil...