A consultation for the much-feared extension of the April IR35 reforms to the private sector was put in place earlier today, when Philip Hammond delivered Autumn Budget 2017.In a move that experts say could hit contracting more than the introduction of IR35 itself, the chancellor said he would consult on the "possible next step" of rolling out the reforms to cover all PSC engagements."How to tackle non-compliance in the private sector, drawing on the experience of the public sector … [Read more...]
Autumn 2017 Budget update
Thanks to Julia Kermode, Chief Executive of the FCSA (Freelancer & Contractor Services Association), for this concise summary of the Chancellor's 2017 Autumn Budget Statement. In the event, there was less news relating to the payroll/recruitment agency/contractor sector than many had anticipated. IR35 reform in the private sector Surprisingly the Chancellor’s speech did not mention IR35 or off-payroll at all so we were left to establish their plans from the red book. Here the Chancellor … [Read more...]
Do you provide workers in the Public Sector? Don’t be left out in the cold!
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...]