IR35 – Is it still worth being self-employed?

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With the introduction of IR35 on 6 April 2021, it is concerning to see the rate of self-employment falling with reports that 50% of freelancers plan to quit due to lower wages and an estimated 170K self employed contactors will be forced to pay more tax. It is also interesting to see HMRC pursuing Gary Lineker for £5m in alleged … Read More

IR35 – New Off-Payroll rules apply from 6 April 2021

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From 6 April 2021, all medium or large-sized employers in the private sector are responsible for deciding the employment status of the individuals providing services via a personal service company ‘PSC’. The new rules finally come into force after being postponed due to the Covid pandemic. The IR35 changes place more responsibility on the private sector, ensuring the worker is … Read More

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

Major changes for employers to ‘off-payroll’ working – IR35

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IR35 is very much in the news and changes are on the way. From 6th April 2020, new rules apply to ‘off-payroll’ working relationships, placing more tax and compliance burden on companies making payments to individuals via an ‘intermediary’. HMRC is keen to clampdown on ‘disguised employment’ and ensure that any individual operating like an employee is taxed like an … Read More

Providing your services via a personal services company?

The number of HMRC investigations into those working via personal service companies doubled last year, with the tax yield in this area having risen fivefold. Anti avoidance legislation (IR35) is in place to ensure that income caught by the rules is subject to the correct tax and NI and is paid over to the authorities. The rules have changed slightly … Read More