The Web Designer Group Tracking
Tuesday, July 16, 2019
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A parliamentary Loan Charge enquiry has launched multiple online surveys The 2019 Loan Charge All-Party Parliamentary Group (APPG) is urging contractors affected by the Loan Charge to complete a new online survey that they have launched to assist their investigation into the controversial new tax. Thousands of taxpayers are set to...
Contractors express grave concerns over Off-Payroll private sector rollout 77% of contractors have little or no confidence that private sector engagers will be ready to facilitate IR35 assessments when Off-Payroll rules are rolled-out to the private sector in April 2020, according to a recent survey. Prior to 2017, IR35 meant that...
4.8 million self-employed people have assisted in record breaking employment levels The Association of Independent Professionals and the Self-Employed (IPSE) has claimed that increased numbers of self-employed workers are helping to drive the current record-high UK employment level. Data released this week from the Office of National Statistics (ONS) revealed that...
2019 Loan Charge update – this week’s and its developments A busy week for 2019 Loan Charge developments kicked off with a Sunday Times investigation revealing that several Ryanair pilots supplied through agencies had used disguised remuneration schemes and are now facing tax bills of up to £170,000 under the...
HMRC finally close year-long IR35 enquiry HMRC last week ended the year-long ordeal of two contractors who worked through the same limited company, who were being chased for over £100k in unpaid PAYE tax and National Insurance under the IR35 rules whilst being able to clearly demonstrate working on a...
Loan Charge inquiry launches and invites evidence from taxpayers The 2019 Loan Charge All-Party Parliamentary Group (APPG) has commenced its formal inquiry into the 2019 Loan Charge this week, which will assess the impact of the unpopular tax on taxpayers, the fairness of the legislation and its controversial retrospective effects,...
HMRC refutes claims of CEST inaccuracies The taxman’s troubled online IR35 status checker, CEST, has come under further fire this week, as ContractorCalculator.co.uk published a statement on Tuesday claiming that CEST has “undergone no formal testing since its release almost two years ago”. The CEST tool was released alongside changes to...
HMRC has revealed loan charge settlements average of about £166k The average loan charge settlement to date is £166,666, according to figures disclosed last week by HMRC at a meeting of the Commons Treasury Committee. The figure has surprised commentators and affected taxpayers alike, given that HMRC claimed the “typical” settlement...
Davos billionaires get knuckles rapped over tax avoidance Dutch historian Rutger Bregman ­caused a sensation at the World Economic Forum (WEF) in Davos, Switzerland this year by giving an impromptu speech attacking the ultra-wealthy for participating in tax avoidance whilst simultaneously claiming they are reducing world poverty through philanthropy. Bregman, author...
Self-employed contractors entitled to an early Christmas present from the taxman With the prospect of the 2019 Loan Charge and private sector roll-out of Off-Payroll looming over Christmas, contractors might be forgiven for thinking the Ghost of Christmas Past will be paying Hector a visit this year.  But its not...