by Lynne Gowers | Oct 12, 2018 | Agencies
HMRC’s 2019 Loan Charge will have real impact on thousands of contractors, but in contrast to the shockwaves caused by IR35, no-one in the industry really seems to be talking about it. Here’s what you need to know. In April next year, contractors who have used...
by Lynne Gowers | Sep 21, 2018 | Agencies, General News, Contractors
This week BBC breakfast featured the real cost of non-compliant payroll companies, in a stark warning to workers who have previously taken some or all of their wages as a loan, and to the agencies who sanctioned it. Paul Lewis from BBC Radio 4’s Money Box programme...
by Lynne Gowers | Aug 31, 2018 | Agencies, Contractors
Last week HMRC issued new official guidance on umbrella companies who draw contractors in with offers of reduced tax liability and increased take home pay. However the FCSA, the UK’s biggest regulatory body of umbrella companies, says the paper does not go far enough...
by Lynne Gowers | Aug 15, 2018 | Agencies, Contractors
With the consultation on off-payroll working in the private sector now closed, there is much speculation that an extension of the public-sector IR35 rules to the private sector will be a government shoo-in. This is in spite of strident resistance from contractor...
by Lynne Gowers | Jul 23, 2018 | General News, Contractors
Contractors who have previously been paid through disguised remuneration schemes, also known as contractor loan schemes, are being urged to contact HMRC to settle their tax affairs before a new loan charge is introduced from April 2019. We take a look at the sort of...