IR35 - Don''t abolish it just apply it correctly
The independent membership organisation, Professional Passport, is calling on the government not to abolish IR35 legislation.As they launch their agenda for 2010, the organisation is working to agree a...
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Closing business not IR35 immunity
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Kate Cottrell, writing for Freelance UK, says if a contractor carries on providing services to the same client but through a new company, HM Revenue & Customs can look into the full relationship history.
The MD says closing a company "doesn''t give immunity from IR35" and could even "trigger an investigation".
She warns that if a contractor closes a company to avoid "the correct treatment of a contract under the IR35 legislation", then there could be very serious consequences under tax avoidance/evasion regulations.
IR35 legislation was introduced in 1999 to clamp down on using middle men for tax purposes.
The worry free way to avoid IR35 liability is by paying income tax and National Insurance Contributions through a PAYE umbrella company, like Excellium.
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Tories plan to shake up contractor tax system
In the run-up to the general election the Conservative party says it plans to allow "one man" companies to opt out of employment. The 600,000 people who sell their services in this way would...
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Keeping ahead of the game for contractors
PCG is holding a seminar for contractors entitled "Keeping ahead of the game" later this week. It''s taking place in Braintree in Essex on the evening of Thursday February 25th, and it will...
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REC backs Tory IR35 plans
Conservative plans to review IR35 rules have found backing from the Recruitment and Employment Confederation (REC).Anne Fairweather, head of public policy, deemed it a "welcome move" and points...
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Video Transcript
Closing down business doesn''t mean limited company contractors can just escape IR35 liability, says an expert.Kate Cottrell, writing for Freelance UK, says if a contractor carries on providing services to the same client but through a new company, HM Revenue & Customs can look into the full relationship history.
The MD says closing a company "doesn''t give immunity from IR35" and could even "trigger an investigation".
She warns that if a contractor closes a company to avoid "the correct treatment of a contract under the IR35 legislation", then there could be very serious consequences under tax avoidance/evasion regulations.
IR35 legislation was introduced in 1999 to clamp down on using middle men for tax purposes.
The worry free way to avoid IR35 liability is by paying income tax and National Insurance Contributions through a PAYE umbrella company, like Excellium.
