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...]
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...]
Autumn Statement: Hammond heaps on more anti-contractor measures
Philip Hammond seemed to wrong-foot the entire contracting industry in his first Autumn Statement (AS) today, November 23rd 2016, by not stating “IR35” once, neither in his speech, nor in his full report.But at AS 4.11, entitled ‘off-payroll working rules,’ the Treasury confirms that it will shift the responsibility and liability for IR35 in the public sector from PSCs to the ‘paying agents’, from April.It means that an adviser to contractors was right to tell ContractorUK on the eve of … [Read more...]
IR35 research subjects make charges against HMRC
Participators of behind-closed-doors research into IR35 and employment status that HMRC commissioned have spoken out from the shadows, due to dissatisfaction with the department.Called to the Revenue’s offices to help it develop the IR35 digital tool, which is meant to be launched before April, an accountancy firm accused the tax staff it met of a worrying level of naivety.“They still look at assessing IR35 status by thinking everybody operates in exactly the same way,” the firm said, … [Read more...]
The door is firmly shut
ContractorUK has recently written that “Temporary staff agencies have avoided hundreds of millions (if not billions) in tax”…………..HOW? By a scheme that far too many agencies are allowing contractors and temporary workers to register with – THIS HAS TO STOP.In simplistic terms, the scheme pairs up all the workers, and routes them through a myriad of smaller Limited Companies. Clearly, these are NOT TRUE Limited companies. These mini employment companies are ultimately exploiting both VAT … [Read more...]
Jobs of the future may not have stable hours, holiday pay, sick pay, or pensions, DWP secretary says
Damian Green describes development in the labour market as 'exciting'.Jobs of the future may not have stable hours, holiday pay, sick pay, or pensions, the Work and Pensions Secretary has said.Damian Green described the trend in employment practices towards the so-called “gig economy” as “exciting” and said the changes had “huge potential”.The Cabinet minister’s endorsement of the approach comes a month after an employment tribunal found that drivers for the Uber car service should … [Read more...]
Know your status, Know your rights
It’s been a particularly crazy couple of weeks; Uber, Delivery firm Hermes, Deliveroo and Amazon. Whilst this ever growing list will no doubt expand further, partnering with a reputable and credible payroll provider will help mitigate this risk.Highlighted below is an overview of recent cases;The Uber tribunal concluded that Uber drivers should be classified as “workers” rather than self-employed, meaning they will be entitled to certain statutory rights such as minimum wage. Commenting … [Read more...]