HM Revenue and Customs (HMRC) won the initial case in the First-tier Tribunal (FTT) involving attempts to avoid PAYE Income Tax and Class 1 National Insurance Contributions (NICs) on employment income.HMRC successfully argued that the managed service companies (MSC) legislation and equivalent National Insurance contributions legislation applied to arrangements established and run by a third party - Costelloe Business Services Limited.On appeal, the Upper Tribunal has upheld the original … [Read more...]
IR35 reform coming sooner not later, says HMRC
Private sector IR35 reform will happen way before long-term changes to employment status on the back of Matthew Taylor’s already-published review get made, the taxman suggests.In new IR35 Forum minutes, HMRC says the Taylor response consultation – due this year -- will consider the long term case for reform, but it adds “there is a more immediate need”.Namely; “to consider how best to tackle private sector non-compliance with the off-payroll working rules,” which -- the Revenue … [Read more...]
Nurses & agencies using umbrella loan schemes risk tax bills and prosecution
ePayMe have been advising agencies and contractors about the pitfalls of sourcing schemes that offer a higher net take home pay that normal. Please don't fall into the trap of thinking that it's fine, you won't get caught or it's not your problem. It's not just the healthcare sector that are in the spotlight - any sector, contractor or agency need to be aware.ePayMe Founder and Chairman, Andrew Johnston said 'Over the past 3 years, I have seen a myriad of 'solutions' offered and quite … [Read more...]
Outsourcing for efficiency
The following article looks at the ways that using using an outsourced payroll company such as ePayMe can improve a recruitment agency's efficiency. The article appeared as an advertorial in the January 2018 edition of 'Global Recruiter' magazine. Outsourcing for efficiency Using a dedicated payroll provider pays – in more ways than one Andrew Johnston, Chairman of ePayMeAs an outsourced payroll provider operating in the rapidly evolving temporary employment sector, we need to understand … [Read more...]
Are British workers thriving, striving, or just about surviving?
The Royal Society of Arts (RSA) has published the results of a study it has carried out into self-employment. Entitled "7 portraits of modern work in the UK", it takes a close look at different segments of self-employment and pulls together the main concerns expressed by the workers surveyed. Below is the RSA's blog about the report, followed by a link to the report itself.We set out to find out how workers are faring both in terms of their experiences of economic security and the quality of … [Read more...]
2018: What lies ahead for recruitment?
The year ahead promises to be an eventful one in both the recruitment industry and the wider economy.For many recruiters, it is likely to be dominated by the potential implications of Brexit, with skills shortages a particular concern. "We know that EU workers are already leaving the country due to the uncertainties around their future status in the UK and that fewer are coming over from the continent," says Tom Hadley, director of policy at the REC. "If this continues, the pool of available … [Read more...]
Tax-Free Childcare: All you need to know about the new scheme
Thousands more families can now claim tax-free childcare - after the Government extended its Tax-Free Childcare scheme to children under nine.Here’s what you need to know.Why is this being introduced now?The government introduced Tax-Free Childcare in April 2017. This latest announcement is part of a continuing roll-out.So what’s changing?Some families currently get childcare vouchers through their employers to help towards costs, but from April 2018 this scheme will close to … [Read more...]
Carry on company! Techies behind naughtiest ‘Ltd’ names
Over the years, our we've seen some pretty weird and wonderful company names - but we don't often come across any that are just plain rude! However, Companies House does - and some of the cheekiest names submitted to them have just been published. Be warned - if you're easily offended, then the article below is not for you!Folk in the consulting and IT community are behind some of the naughtiest names for companies that have been REJECTED.Fancy a call-out from Sod I.T. Systems Ltd? Dare … [Read more...]
How your imminent self-assessment is affected by your set-up
If you're a contractor and you haven't yet submitted your self-assessment to HMRC, then you need to get going - the deadline is midnight on January 30th. With all the recent changes to the rules, there are sure to be many people scratching their heads as they struggle with their returns. You can find some useful information videos on YouTube, and the following article provides some extremely valuable advice.With the starting pistol of 2018 now well and truly fired, countless contractors … [Read more...]
What needs to happen to IR35 in 2018
The imposition of the updated IR35 off-payroll rules on the public sector in April last year has had a significant, and many would argue disastrous, effect on contractors and the organisations using their services. For months, speculation has been rife that the Government's next step will be to extend the rules into the private sector. Many feared that this could happen in 2018 - but now it appears that this year will instead be spent in 'careful consultation'.Whilst we await further … [Read more...]