Chancellor to go easy in IR35 shake up

Chancellor to go easy on businesses and freelancers in IR35 shakeup From 6th April 2020, responsibility for determining the tax status of freelancers will fall on the paying company, not the freelancer, in a huge shake up of the rules around tax status. The new rules apply to all fee-paying medium and large companies in the private sector and as … Read More

Partnership taxation – have your say

HMRC is currently consulting on two aspects of the tax rules for partnerships, aiming to reduce tax losses arising as a result of disguised employement and certain profit and loss allocations. These areas are: 1. the presumption of self-employment for some LLP members who disguise themselves as self-employed to obtain more favourable tax treatment than their employed counterparts, and 2. … Read More