Since our previous correspondence following the Budget on Wednesday, we have been absolutely flat out talking with contract workers and agencies. It would seem the changes have left a large number of payroll companies scratching their heads as to what they can offer post April 6th. The most significant development to affect our sector in the Budget 2016 will be the changes to the engagement of Personal Service Companies (PSCs) within the public sector, with the agency/hirer being responsible for … [Read more...]
Travel and subsistence expenses changes from April 2016
Following on from yesterday’s Finance Bill 2016, we now know that the Government has ignored the widespread warnings issued by industry bodies and has pushed ahead with its plans to cut travel and subsistence expenses for contractors, from April 2016, which, were as we expected. The main changes are as follows: • T&S expenses will not qualify for tax relief on “ordinary commuting” type expenses where an intermediary is involved unless the worker is not subject to (or the right of) … [Read more...]