private sector Articles

What does ‘inside IR35’ mean for contractors?
marketing | 27 January 2021
/ / / / / /

With changes to off-payroll working rules imminent, experts predict a tidal wave of new ‘inside IR35’ judgements in the next few months. 

If you are a contractor working through your own limited company then you are at risk of being judged ‘inside IR35’ - but what does this mean for you and your bank account?

With changes to off-payroll working rules imminent, experts predict a tidal wave of new ‘inside IR35’ judgements in the next few months. 

If you are a contractor working through your own limited company then you are at risk of being judged ‘inside IR35’ - but what does this mean for you and your bank account?

April 2021 IR35: The key facts you need to know
marketing | 9 October 2020
/ / / /

A controversial set of changes to off-payroll working (IR35) rules is due to take effect in the Private Sector from next April.

For contractors, the next few months represent a crucial period in which to prepare for the changes and minimise the financial impact of the tax changes.

To help you get ready for the April 2021 IR35 reforms, we have published a brief guide with only the key facts that you need to know about.

IR35 Rule Change Set for 2021

Controversial changes to off-payroll working (IR35) rules are set to come into force in April 2021, after MPs ignored a call to delay the changes until 2023.

Changes to the way IR35 rules are applied in the private sector were originally penned to take effect in April 2020, before pandemic-related uncertainty forced a stay of execution from lawmakers.

Half of contractors plan to quit workforce as Lords launch enquiry
marketing | 18 February 2020
/ / / /

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.

IR35: 43,000 Companies Warned by HMRC
marketing | 30 January 2020
/ / / /

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.

HMRC's new plan to prepare contractors for IR35 changes
marketing | 19 January 2021
/ / / /

With just a few months to go before major IR35 reforms take effect in the private sector, HMRC is launching a package of support to help contractors get ready for the changes.

The new measures include webinars for contractors and large and medium-sized businesses that will be affected by the changes. Demand for these sessions seems high after four original workshops filled up in four days. HMRC has since added more more sessions for contractors and businesses.

How do umbrella companies avoid IR35?

Umbrella companies allow contractors to achieve IR35 compliance. If a limited company contract is deemed ‘inside IR35’, contracting through an umbrella company is usually preferable.

This will become more important as an upcoming rule change will mean that many more contractors are caught out by IR35 legislation.

IR35 Reforms Delayed for One Year
marketing | 18 March 2020
/ / / / /

The government has announced that changes to IR35 rules in the private sector will be pushed back by one year, due to disruption caused by the coronavirus.

 

Our new recruits here at Umbrella.co.uk are ready for IR35! Are you?
marketing | 17 February 2020
/ / / / /

Contact us here at Umbrella.co.uk for your Umbrella solution.

We can help you with the transition and get you set up so you can use our great rewards package BEFORE you are even payrolled with us!

Call 01625 546 610. 

See our contractors’ guide to IR35 here.

 

 

Recruitment Giants Plead for IR35 Rethink
marketing | 27 January 2020
/ / / /

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.

Pages