Blog

Agencies and the Link to IR35

Where an agency or person is involved in the supply of a worker to an end client, contracts are likely to be offered work on a PAYE basis next year, basically because agencies enter into engagements with clients which state that workers will work under the control of the client. Agencies are therefore required to…
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The Budget, IR35 and the Loan Charge

The Autumn Budget is going to be published on the 6th November 2019, but will there be any surprises or reprieves in store for contractors? What about people who have been caught under the disguised remuneration rules, who could potentially suffer the biggest tax penalty ever devised by the government – the Loan Charge? Unfortunately,…
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IR35, Agency Workers and the Twist

Contractors are rightly concerned about what happens when agencies refuse to pay their limited companies next year; will they have to close their companies, and then will they remain at risk of HMRC retrospectively assessing their company income under IR35 legislation? For how long? This is an issue, but there is a twist in this…
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IR35 in Under 500 Words

IR35 IR35 is the Intermediaries’ Legislation and applies to relevant contractors, which are workers who supply their services to a client through an intermediary, which could be; A personal service company A partnership, A managed service company, or An individual. A personal service company is one where the director is the worker and personally generates…
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Loan Charge Nightmare.

Nothing can be said of the Loan Charge that hasn’t already been said but I will say one thing. HMRC has admitted that although it was charged by the government to clamp down on the providers of tax avoidance schemes, the department could not ‘break through’ the corporate structure of the loan scheme providers or…
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Loan Charge – Last Chance

If you have received loans in place of earnings in the past and you or your advisor has made contact with HMRC before April 2019, and you’re working to get an agreement in place to repay tax and NI on your loan amounts, you currently have until 31st August to get an agreement finalised. Perhaps…
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Loan Charge – October Deadline

If you have received any remuneration (i.e. income for services that you have provided to an employer or other hirer) which was disguised as a loan and your employer is based in the UK, and it hasn’t gone into liquidation, the employer should pay the Loan Charge on your behalf this year. The Loan Charge…
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Trouble With The Taxman?

If HMRC is asking questions about your employment with an umbrella company or perhaps the use of a wealth management scheme which was promoted to you by an accountant, you should not follow any advice from the company which has caused you to be involved in an HMRC investigation, without first discussing it an independent…
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Tax Avoidance Schemes

Tax avoidance involves bending the rules of the tax system to gain a tax advantage that the laws never intended. It often involves contrived, artificial transactions that serve little or no purpose other than to produce this advantage. Commonly thought of as a loophole, HM Revenue & Customs deems tax avoidance as ‘operating within the…
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Check Your Umbrella Payslip

Umbrella company payslips look complicated and some do hide a multitude of sins, so it makes sense to check your own payslip if you are an umbrella company employee. Compliant umbrella companies use the same calculations, and so anyone can check whether an umbrella company is processing payments lawfully. You can do this by picking…
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