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Tuesday, May 21, 2019
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Whilst we make every effort to ensure that the information provided in our guides is accurate, they are by their nature general. Seek professional advice specific to you and your business before taking any decision or action based upon these guides.

Loan Charge – Tax barrister in very public rebuke of HMRC factsheet A tax barrister has responded to the publication of an HMRC factsheet on the 2019 Loan Charge by launching a highly detailed 23-point rebuke of the Government’s legal reasoning on the HMRC Twitter feed. Keith Gordon, of Temple Tax...
HMRC accused of deception in Off-Payroll correspondence to contractors Contractorcalculator.co.uk has reported that taxpayers are receiving misleading and coercive letters from the taxman in relation to Off-Payroll, that attempt to compel public sector contractors to self-determine their IR35 status using their highly-criticised online tool, CEST, threatening penalties if the request...
Self-employed contractors entitled to early Christmas present from 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 all humbugs...
Damning Lords report labels HMRC “not accountable” A damning report published last week by the House of Lords sub-committee in charge of reviewing the Finance Bill has called for a review of HMRC’s powers and accountability, citing increased powers bestowed upon the agency since 2012 and a tougher approach to...
National Insurance hikes a positive outcome for contractors   Termed a tax cut for the rich, one of the most headline-grabbing measures announced in Philip Hammond’s Autumn Budget last month was to increase the threshold for higher rate income tax to £50,000. This effectively means moving thousands of taxpayers out of...
Lords speak out against Loan Charge Amendments to the 2019 Loan Charge garnered further parliamentary support last week during an impassioned speech in the House of Lords by Conservative peer Baroness Noakes. Baroness Noakes was appointed to the Economic Affairs Finance Bill Sub-Committee in September, which is the Lords’ sub-committee that...
Professional body urges caution over Off Payroll rollout to private sector Responding to last week’s Budget announcement, The Chartered Institute of Taxation’s (CIOT) main criticism of Philip Hammond’s Red Book was the number of surprise measures that were included with seemingly little or no consultation, with some having immediate effect. In...
Treasury Minister refuses to appear before committee reviewing new Loan Charge rules A treasury minister has refused to appear before a House of Lords committee examining the 2019 Loan Charge as part of their remit to review HMRC’s enforcement powers.  Financial Secretary to the Treasury Mel Stride MP was invited...
100 MPs now support revision of Loan Charge legislation The number of MPs backing an Early Day Motion to amend the Loan Charge legislation has risen to 100 on Wednesday, a day after lobbyists slammed Chancellor of the Exchequer Philip Hammond, accusing him of defamation after he made a statement...
Off Payroll in the Private Sector – Will It Affect Me? Monday’s Budget confirmed that the new Off Payroll IR35 rules will soon be rolled-out to the private sector – but what exactly are the Off Payroll rules and who will be affected? Background The government introduced IR35 in April 2000 to...