The contractor sector must wait a little longer to learn the fate of IR35 in the private sector, as today’s Spring Statement made no mention of it.“Predictably, our sector has been left in the dark over potential IR35 changes,” says Seb Maley, chief executive of IR35 advisory Qdos Contractor.Referring to a consultation on IR35 -- promised at 2017’s Autumn Budget, Mr Maley added: “The government must realise that the sooner they offer clarity over the situation, the better.”Asked … [Read more...]
IR35: what private PSCs could see in April 2019
While some people talk about fairness and parity between freelancers and the employed, I doubt the government is looking at changing the IR35 legislation because they feel a moral obligation to create greater fairness, writes Mark Lee, founder of ContractElite.The government needs to collect more tax; that’s the real incentive. As chancellor Philip Hammond has already flagged up (and quite nicely, given that his Spring Statement 2018 is just around the corner), the greater propensity for … [Read more...]
Best Locations For Freelancers Revealed
New research from MoneySuperMarket reveals the best locations across the UK for freelancers and Manchester tops the list, thanks to a thriving freelance industry and a high number of start-ups. Contributor Kevin Pratt, consumer affairs expert at MoneySuperMarket.Freelancing is popular with those adopting the lifestyle, with 60 percent believing it’s a good career move. With the option of flexible hours, working from home and being your own boss, it’s no surprise that many people are turning … [Read more...]
IR35 Rules to be Applied to Private Sector from April 2019?
Following examination of the IR35 Forum's minutes from their last meeting, it has been claimed that the rules introduced for Public Sector workers will be extended to Private Sector workers as early as April 2019.This warning comes in spite of the issues and concerns that have arisen following the imposition of the Public Sector rules last year. The Forum's stakeholders and members have been very vocal in expressing their views and highlighting that any assessment of the effectiveness of … [Read more...]
Upper Tribunal upholds FTT Decision in Costelloe MSC Case
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...]