Tag

IR35

IR35 news and analysis covering the developments and updates on this controversial UK government policy.

Outlook

HMRC lays down IR35 compliance principles ahead of the new tax year

HMRC has set out IR35 compliance rules ahead of April 6 2021. However, one expert believes it won't be a 'light touch' approach as promised

Accounts & Tax

IR35 freelance tax changes will go ahead in April 2021 – are you ready?

MPs vote through IR35 tax reform, bringing thousands of freelance contractors within PAYE for the first time

Outlook

Government announces delay of IR35 reforms until April 2021

The government has ruled that incoming IR35 regulations will not come into effect until 6 April 2021. What do the experts think of the delay?

Accounts & Tax

Taxman will not fine you for getting things wrong with IR35 within first year

But fines will be imposed on freelance contractors from April 2021 as Treasury cracks down on willful deception

Accounts & Tax

Rishi Sunak blinks, says HMRC will ‘go soft’ on IR35 changes in year one

Chancellor Rishi Sunak seeks to reassure freelancers that HMRC will not be “heavy handed” when new IR35 rules come into effect on 6 April

Employing & managing staff

One third of freelancers say IR35 changes affecting their mental health

53% of contractors plan to walk away from projects in April, when tax changes take hold, costing UK economy £2.2bn in lost productivity

Law

More than four in 10 businesses could phase out contractors due to IR35

A number of business owners said that they will take 'drastic action' when procuring contractors because of incoming IR35 rules

Accounts & Tax

Freelancers call government 6-week review into IR35 ‘an insult’

Government confirms review into controversial IR35 tax changes, which will drag thousands of freelance contractors into PAYE

Accounts & Tax

Over half of self-employed don’t even know what IR35 is

Nearly 60 per cent of self-employed are unaware of IR35 tax changes coming in April 2020, which could reduce a worker’s net income by up to 25 per cent

Accounts & Tax

Sajid Javid warns Labour will extend inheritance tax to family businesses

Chancellor warns that Labour wants to stop family members inheriting small businesses – Labour denies any such plans as part of business taxes review

Accounts & Tax

Labour pledges to scrap IR35 rollout to business … and then backtracks

Shadow small business minister Bill Esterson says Labour will review IR35 tax changes as they are rolled out to business, but backtracks on pledge to scrap

Accounts & Tax

6 top tips to prepare for IR35 tax changes – Small Business checklist

Nearly three-quarters of businesses are unaware of impending IR35 tax changes. Here are six top tips to help you prepare

Partner content

Funding options for the water supply, sewerage and waste management sector

The guys over at Funding Options explain what finance is available to firms in the water supply, sewerage and waste management sector

Partner content

Can businesses save money on CBILS repayment costs by refinancing for a RLS loan?

Your business could save money on CBILS repayments by refinancing for an RLS loan – Funding Options tells us how

Partner content

What is professional indemnity insurance?

Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers but for anyone offering a personal service, even web designers

Partner content

What is public liability insurance, and does it cover Covid-19 claims?

Public liability insurance can cover your small business if a third party has an accident or injury. But does public liability insurance cover claims made against your business arising from Covid-19?