Industry News Articles
Eamonn Holmes has become the latest TV star to lose an expensive IR35 tax case with HMRC.
The veteran This Morning presenter enjoyed certain tax advantages because he was working as a contractor through a limited company.
However, after the taxman challenged his employment status in court, a judge ruled that the Holmes was effectively employed by ITV.
Britain officially left the European Union on January 31st, but a transition period remains in place until the end of December 2020.
During this transition period, British people can continue to live and work in the EU without restriction.
Leading recruitment companies have urged the government to delay and ultimately rethink IR35 reforms, warning that the tax changes will damage the industry and wider economy.
Fourteen companies including Adecco, Harvey Nash, Hays, Reed and ManpowerGroup wrote to Chancellor Sajid Javid last week pleading with him to reconsider the changes that affect off-payroll contractors working through limited companies.
Under the new rules, contractors working in the private sector will no longer be responsible for judging their employment status.
The Government has this week launched a review of the upcoming change to off-payroll (IR35) working rules. But the review has already been branded ‘limited’ and ‘meaningless’ by industry experts.
The review will gather evidence from contractors and large and medium-sized businesses and will determine if any further steps can be taken to ensure the ‘smooth implementation’ of the reforms.
Legislators will need to act quickly, however, because the reforms are still due to take effect in April 2020.
Limited company contractor that are caught under IR35 arrangements may need to act quickly if they want to close their companies and make the most of lucrative tax incentives.
“Because we offer limited company support, umbrella payment solutions and a business liquidation service, we are in the best position to help a growing group of customers that have been caught out by IR35,” Miles Grady said.
Half of all contractors plan to leave their posts ahead of scheduled changes to the way that IR35 ‘off-payroll’ rules are applied in the private sector.
Changes to the off-payroll rules are due to take effect in April, when large and medium sized companies will be made responsible for judging a contractor’s employment status and potentially subtracting income tax and national insurance from their monthly pay.
HM Revenue & Customs is in the process of issuing 43,000 letters to private sector businesses, warning them to consider the employment status of their contractors ahead of IR35 reforms in April.
These reforms mean that private sector engagers will be responsible for judging their contractors’ employment status for tax, rather than the individuals themselves.
2020 will bring some important changes to UK employment law that will affect you if you work through an intermediary or employ agency workers.
Between the disruption caused by Brexit and landmark changes to IR35, you would be forgiven for missing some of these more minor employment law updates.
In this blog post, we’ll cover all of the employment law changes that are happening this year - both little and large - and explain how they could affect temporary employees and their employers.
The Liberal Democrats have become the first political party to make a firm commitment to contractors ahead of the December election.
After seeing a preview of the Lib Dem manifesto, IPSE said that it included a number of policies designed to help self-employed workers, including a promise to review IR35 changes due to take effect next year.