An overview of the off-payroll working restrictions and IR35 A section of tax legislation known as IR35 went into effect across the United Kingdom in April 2000 and aims to differentiate between contractors who operate as legitimate self-employed businesses (via a limited company often referred to as a personal service …
IR35 expert and founder of Bauer & Cottrell, Kate Cottrell, has sadly passed away after a short illness. Everyone at umbrellacompanies.org.uk sends their love, prayers and condolences to Kate’s colleagues, friends and family at this very difficult time. Kate’s exceptional work protecting contractors and freelancers will never be forgotten, and …
New Chancellor of the Exchequer Jeremy Hunt has announced the government will not be repealing the off-payroll working rules from April 2023 – just weeks after ex-Chancellor Kwasi Kwarteng said the government would ”repeal the 2017 and 2021 reforms” from April 2023. This news will undoubtedly frustrate and disappoint all stakeholders …
Initially introduced by the government in 2000, IR35 legislation stops disguised employees from taking advantage of tax-efficient payments via an intermediary (personal service company, or PSC). With the recent announcement that the IR35 reforms will be repealed in April 2023 – here is what you need to know. IR35 isn’t …
IR35 is not being scrapped in April 2023 – here is what you need to know » Read the full story
CEO of Professional Passport, Crawford Temple, has called for the government to “start with a clean sheet of paper and design a strategy for the modern worker”. This comes following the announcement that the IR35 off-payroll working rules are to be repealed from April 2023. Keep reading and see what …
The government has announced a repeal of the off-payroll (IR35) legislation that was rolled out in 2017 (public sector) and 2021 (private sector) – and stakeholders are delighted. This article looks at the FCSA’s response to the mini-budget and the astonishing IR35 development. The UK’s economy is struggling, and we …
Astonishing news for contractors, freelancers and organisations who engage with temporary workers – the government is going to repeal IR35 rules (off-payroll) from April 2023. This news has been extremely well-received by industry stakeholders, but what does it mean for the industry, and what did Kwasi Kwarteng say on the …
New chancellor Kwasi Kwarteng has delivered the mini-budget (Friday, 23rd September). With the UK’s economy facing unprecedented challenges and the word “recession” being commonly used, the mini-budget lays out the government’s plans to boost the economy, protect families and help the UK power through these challenging times. This article summarises …
An overview of the key announcements in September’s mini-budget » Read the full story
After dozens of resignations, the inevitable happened, and Boris Johnson resigned as Prime Minister. With a new PM due to take control in August, the Conservative Party is undergoing a massive transition, including a new leadership race. In an honest and compelling article on Contractor UK, Matt Fryer, MD at …
CEO and Founder of Crunch Accounting, Darren Fell, has released a post via Crunch’s LinkedIn profile explaining why he is “utterly delighted” that Rishi Sunak has resigned as Chancellor of the Exchequer. In the statement, Darren also explains why he believes Rishi should “never be allowed to come back to …
More IR35 confusion has come to light, this time from the Department for Work and Pensions (DWP). A review into the DWP’s IR35 compliance has unveiled an £87.9 million payment to HMRC. This payment is a result of years of inaccurate IR35 employment status assessments of contractors. IR35 is complex, …
If you’re a contractor, freelancer or temporary worker, you should be up to speed with IR35 and how it works. However, regardless of your IR35 status, you may not be familiar with umbrella companies and how IR35 will apply should you use one at some point in the future. This …
How does IR35 apply when working through an umbrella company? » Read the full story
We’ve noticed a lot of contractors moaning about their umbrella company because of pay retention. Nobody wants to lose large chunks of their income in taxes, but unfortunately, we all have to contribute to society. It’s not the umbrella company’s fault you’re inside IR35, and we’ll explain more in this …
It’s not the umbrella company’s fault you’re inside IR35! » Read the full story
Before this article, we wrote a short piece about the advantages of using umbrella companies. Now, we wanted to look at the other side and write another blog – this time focusing on the disadvantages of using an umbrella company. Keep reading to find out more. Not the most tax-efficient …
What are the disadvantages of using an umbrella company? » Read the full story
If you find yourself inside IR35, you may decide that the best option for your payroll is an umbrella company – and you’d probably be right. However, you must understand how umbrella companies work, and how IR35 legislation is changing the way contractors are being paid. Keep reading and discover …
Using an umbrella company when inside IR35 » Read the full story
Umbrella companies are growing in demand as a result of the impending changes to off-payroll in the private sector (IR35) legislation. However, thousands of contractors who are used to contracting through a personal service company may be asking ‘why use an umbrella company?’ The following tips should help. Easy alternative …
