Category Archives: UK Tax

Contractors Call For IR35 To Be Abolished On New Government Website

The Deputy Prime Minister, Nick Clegg, said that “This site gives you the chance to tell us which laws and regulations you think we should get rid of. Your feedback will inform government policy and some of your proposals could end up making it into bills we bring before Parliament to change the law. We\’ve […]

Contractors Set To Face Less Limited Company Red Tape

The Coalition Government has issued an online invitation to the public to nominate the unnecessary laws and regulations they would like to see scrapped. High on any Contractors list will no doubt be the scrapping of Intermediaries Legislation, otherwise known as IR35. In a statement Nick Clegg said \”Too many of the business and voluntary […]

No News On IR35 Expected Until After Emergency Budget

There has been much speculation about the abolition of IR35 since the Queens Speech which included plans to remove barriers to flexible working, promote equal pay and make the taxation system fairer and simpler. The announcement followed the Conservatives letter to the Professional Contractors Group (PCG) on IR35 prior to the General Election and the […]

HMRC Get Tough with Tax Evaders

In the last financial year to March 2009 the HMRC managed to grow revenue generated through tax investigations to £12.1 Billion, an increase of 7% on the previous year. Overall the HMRC has grown revenue generated through tax investigations by 64% since the creation of the organisation back in 2005. The increase in tax revenues […]

The end of IR35?

Introduced in 1999 to prevent contractors avoiding tax payments through intermediary firms IR35 has been a compliance nightmare not just for small businesses but also for the HM Revenue & Customs, who have spent a fortune trying to bring and win cases against Limited Company Contractors deemed to be ‘Outside IR35’. Speaking to the Telegraph […]