The Chancellor has less than a month to amend his blinkered view of the public sector IR35 reforms and avoid making a grave mistake by extending them to the private sector in the Autumn Budget.This is according to Chris Bryce, chief executive of the Association of Independent Professionals and the Self Employed (IPSE), who has spoken out after concerning reports that changes to IR35 in the private sector could be imminent.“It’s something that we suspected and feared was coming, and we’re … [Read more...]
Private Sector IR35 Hints
Suggestion made that public sector contractor changes will come to private sector.There are indications that the treasury is considering extending 'off-payroll' rules to the private sector. Changes to the IR35 regulations were introduced in in April this year when hirers in the public sector became responsible for determining the status of an assignment to supply services through a Personal Services Company (PSC), government sources have implied that the new rules may be extended to the … [Read more...]
The right to erasure under the EU GDPR
The REC (Recruitment & Employment Confederation) has published this useful update on the GDPR's right to erasure rules, which need to be understood and acted upon by recruiters and third parties to which they transfer personal data. There have been many questions about how the EU General Data Protection Regulation (GDPR) will affect the recruitment industry. A key concern for recruiters is the right to erasure. What is the right to erasure? Along with many other rights, the … [Read more...]
Turbulent times in the UK’s gig economy
With another shocking story coming to light of contractors being ripped off in a tax scam, and gig-economy bosses being hauled before parliament to explain themselves, many would be forgiven for thinking things are seriously wrong in the temporary working sector. While there certainly are many causes for concern, there's no doubt that flexible working is here to stay. Not only is it helping to drive our economy forward, but it suits the lifestyles of millions of working people across the … [Read more...]
There’s still time to win tickets for the Joshua vs Takam fight
The countdown has started, so get your application in while there’s still time! We have TWO tickets to give away for next weekend’s epic encounter between Anthony Joshua and Carlos Takam. Entries are already pouring in, but you still have until midnight on Wednesday 25th October to qualify for the prize draw. The competition is open to anyone who successfully refers a self-employed contact to us for our outstanding cloud-based limited company services. All you have to do is refer them to … [Read more...]
Lorry drivers stung over accounting firm ‘tax dodge’
This article is damning to all those agencies and workers using non-compliant providers. Whether it be an umbrella company promising 90% take home pay or and MSC offering the same, it's too good to be true and you are running a huge risk.Compliant providers will apportion the correct PAYE deductions, won't provide ridiculous referral fees to consultants and will act in accordance with HMRC. With Debt Transfer and the new Finance Act, dealing with a compliant payroll provider is … [Read more...]
Newly self-employed? Don’t miss the October 5 deadline!
If you became self-employed in the 2016-7 tax year (ie between 6 April 2016 and 5 April 2017), and you haven’t yet registered as such with HMRC, then you need to do so by this coming Thursday - October 5th or face the risk of penalties. By law you are required to register so HMRC know they have to issue you with notice to complete a self-assessment tax return and send you tax statements when required.You may also need to register separately for VAT if your VAT taxable turnover is more than … [Read more...]
Dan Linfoot and Michael Laverty head to Assen this weekend
Attention switches to Assen in the Netherlands this weekend for the latest instalment of the gripping British Superbike Championship season finale. Two of the three ePayMe-supported BSB riders will be in action: Dan Linfoot and Michael Laverty. Taylor Mackenzie is still recovering from a broken foot and although he's hoping to take part this has not yet been confirmed.Read more at the ASJ Racing website … [Read more...]
Tax-Free Childcare
In March 2016, the Government confirmed their plans for a Tax-Free Childcare scheme to be rolled out gradually from early 2017. Tax-free Childcare will provide working parents and now self-employed workers with another option for tax savings on their childcare direct through the Government.You can sign up for Tax Free Childcare now! This is a great step for working parents as this will help all those employed and now those self-employed.Childcare vouchers will remain in place and you … [Read more...]
HMRC revises IR35 guidance at public gigs
The taxman has clarified who is potentially in scope of his off-payroll rules, due to “feedback” from those trying to understand them since they were introduced in April.In a small but significant update, HM Revenue & Customs said it had added an explanation into its existing guidance, notably under a section entitled “When… [the] rules don’t apply.”Confusingly, the explanation actually relates to when the rules “may apply.” But a HMRC spokesman hinted it was necessary, calling it … [Read more...]