Last Monday saw the release of the HMRC’s draft finance bill, detailing the reforms as to how the IR35 legislation must be operated in the public sector from April 2017.There have been strong reactions from industry bodies to the Government’s new ‘Draft provisions for Finance Bill 2017’, nearly 400 pages of new tax legislation setting out the draft provisions for technical consultation, including changes to National Insurance contributions, clampdown on salary sacrifice contracts for new car … [Read more...]
HMRC, are the gloves off? Is there a storm brewing?
Offshore scheme users face requirement to notify HMRC. Contractors can have their say on their incoming requirement to notify the taxman if they use an offshore structure with evasion “characteristics” which its creator failed to declare.Under proposals published last week, the parties behind such “complex offshore arrangements” structures must inform them to HMRC and provide a list of clients using it.But if the creator (or promoter) fails to declare the arrangements -- which the … [Read more...]
Don’t be left in the dark about your Self-Employed Status
For many years being Self Employed meant working for yourself with no input from anyone else. Gone are the days of “cash-in-hand” as HMRC are clamping down on the whereabouts of Tax and NI for these services. If you are actively sourcing your own work for yourself and have no input from another source then you can be classed as self-employed, if however, you rely on an agency to source you this work then you are classed as employed and so will need to be PAYE or Limited status.PAYE can be … [Read more...]
ePayMe Launches Christmas Stopmotion
The ePayMe elves have been hard at work moulding clay figures and building sets to create our wonderful Christmas greeting.Two Little Schnauzers is a short animation about two naughty Schnauzers decorating the ePayMe office, but ending up with catastrophic results.The video has taken influence from ePayMe's office dogs Charlie and Marley who often spend their days, hard at work, chasing each other around the office, lazing in the sunshine and getting cuddles and scratches from all … [Read more...]
HMRC off-payroll changes put recruiters in firing line
Recruiters fear “ill-conceived” changes to the rules regarding off-payroll workers will have a negative effect on the industry and could place some agencies on the wrong side of the law.Chancellor Philip Hammond announced in his Autumn Statement that the responsibility for operating IR35 off-payroll working rules and paying the correct tax will shift to the body paying the worker's company, potentially the recruitment agency.The new rules mean that when a worker provides their services … [Read more...]
ePayMe partners with The Recruitment Network
We're happy to announce we have partnered with the exclusive The Recruitment Network and become a platinum member of The Recruitment Network Club.The Recruitment Network is a new company derived from Innergy founders James Osbourne and Gordon Stoddart.They saw a gap in the market to supply a service for leaders of business to come together and collaboratively help each other and improve performance, which in the long run, can increase efficiency and profitability - it's the ultimate … [Read more...]
Christmas Jumper Day 2016
ePayMe and Team ePayMe are taking part in Save the Children UK Christmas Jumper Day !Christmas Jumper Day is a nation wide charity event where you turn up to your work, school and any other tribulations in a Christmas Jumper. You can also pimp your look with baubles, tinsel, reindeer antlers, mince pies, holly (wear gloves) and anything else festive related. History of the Christmas Jumper: A (sort of) True Tale The history of the Christmas jumper dates back to … [Read more...]
FCSA says HMRC’s online tool is ‘not fit for purpose’
A new online tax tool designed to offer reassurance over the rules regarding IR35 status is likely to cause more problems than it will solve, according to the Freelancer & Contractor Services Association (FCSA).HM Revenue & Customs has designed the tool to be used by contractors, agencies or hirers to provide a definitive document to prove that a contractor is working according to IR35 rules, assuming that the questions are answered honestly.But the trade association for umbrella … [Read more...]
Autumn Statement looks to cut corporate tax
UK will be G20's least taxing nation, firms told.A cut in corporation tax looks set to be Autumn Statement 2016’s most surprising and contractor-friendly announcement.In a speech to business leaders ahead of the statement tomorrow, Theresa May implied the rate of tax that companies pay on profits will fall to its lowest ever.“My aim is not simply for the UK to have the lowest corporate tax rate in the G20, but also a tax system that is profoundly pro-innovation,” the prime minister … [Read more...]
BSB Champion Michael Laverty partners with ePayMe and ePayMe Racing
We are happy to announce our new partnership with British Supersport Champion Michael Laverty.Michael has had a long and successful career racing bikes where he has been crowned Irish Motorcyclist of the Year 2007, the same year he attained the British Supersport Champion title.He has been riding bikes for as long as he can remember but has been competitively racing as a hobby at the age of 10. In 2003 he was picked for his first team and his hobby soon turned into a profession.He is … [Read more...]