The Web Designer Group Tracking
Friday, November 22, 2019
Advertisement
Home IR35 – What Is It And How Does It Affect You?

IR35 – What Is It And How Does It Affect You?

Whatever your involvement in contracting, seasoned pro or just starting out, you will probably have heard quite a lot about IR35. Even some long-time contractors though have little understanding of what it actually is, how it impacts them and how, with care, they can establish working patterns and contractual relationships that keep them outside of its scope. The lack of understanding in the contracting industry causes confusion, stress and higher than necessary bills for many, with contractors being drawn into expensive umbrellas or accountancy packages on the basis of meaningless claims such as “IR35 Compliant”. This series of guides will take you through what the rules actually say and what that means for you.

Contractors are being warned about forming consultancies together as a way to avoid reforms to the IR35 tax rules, which are due to take effect from April 2020. Following confirmation from government that the IR35 reforms, known as the Off-Payroll rules, will definitely kick in from next year,...
Sajid Javid delivered his first major set piece as Chancellor of the Exchequer on Wednesday in an announcement that was largely overshadowed by an embarrassingly brutal first Prime Minister’s Questions for Boris Johnson and MPs wrestling control of the Parliamentary agenda away from the Government. In what many...
BREAKING: Reports that estimated tax payments due under the 2019 Loan Charge have been suspended appeared to have been confirmed on Friday. The Loan Charge Action Group (LCAG) published an email from an HM Revenue & Customs officer confirming that work on the contractor tax settlements has...
A barrister specialising in IR35 has warned that HMRC guidance on IR35 reform may lead recruitment agencies to break the law. The reforms, known as the Off-Payroll rules, will mean that end-clients become responsible for IR35 status assessment and the “fee-payer”, which in the vast majority of cases...
One in five UK employers do not offer any training and development opportunities to their contingent workforce, according to a recent survey of employers and individuals by City & Guilds Group. The poll of five hundred employees, and one hundred employers in the UK revealed that twenty percent...
Opponents of the 2019 Loan Charge are set to return to Westminster this Wednesday to lobby MPs, and specifically prime minister Boris Johnson, to suspend the controversial levy in order for an independent impact review to be carried out. Around 50,000 independent contractors are estimated to be affected...
A leading IR35 advisory firm has reported that nearly 1,500 contractors who have worked for pharmaceutical giant GlaxoSmithKline (GSK) have been sent letters by HM Revenue & Customs challenging their employment status for the fiscal year 2018-19. In an apparent departure from HMRC’s usual IR35 enforcement strategy, the...
Umbrella company usage is expected to increase dramatically following the implementation of IR35 reforms into the private sector in April 2020, a new survey of recruitment agencies has revealed. Ninety-one percent of the professional recruitment firms polled indicated that they believe that an increasing number of contractors will switch...
Business is largely unprepared for the rollout of IR35 reform into the private sector next April, new research by recruitment trade body, the Association of Professional Staffing Companies (APSCo), has shown. A survey of APSCo members revealed that just under two-fifths (thirty-nine percent) of the professional recruitment...
Forty-eight per cent of contractors believe that IR35 status should be determined by independent contract assessments, according to a recent survey of 1,000 limited company freelancers carried out by independent contractor services firm Qdos Contractor. IR35 status has historically been self-assessed by contract workers, but concerns over widespread...