HMRC Ignores Own IR35 Tool To Pursue Innocent Contractor
HMRC has been criticised for not understanding its own tax rules, along with its aggressive approach to policing IR35 compliance after a contractor was made to endure a three-year-long investigation carrying £100,000 in tax liability – despite HMRC’s own tool determining the worker as outside IR35. The IR35 enquiry was opened in November 2019, with […]
IR35 Remains Contractors’ Biggest Concern For 2023
Despite inflation reaching a 41-year high recently and the raft of tax freezes and tax hikes to be introduced in the 2023/24 tax year, the IR35 legislation remains contractors’ biggest concern for the year ahead. This is according to research carried out by IWORK Partner and IR35 insurance provider Qdos which surveyed 700 contractors regarding the […]
042 What Is MSC Legislation And How Might It Affect You?
Managed Service Company (MSC) legislation has come to the fore in recent months following news that HMRC sent tax bills to numerous self-employed contractors after accusing their accountant of breaching MSC rules. It’s quite likely that you’ve never heard of MSC legislation, even if you’re a seasoned contractor, so what on earth is it all […]
Qdos Annual Contracting Survey Results
The results are in. Qdos have released their annual contracting survey results for 2021, and key insights from self-employed sole traders include: Nearly half of survey respondents (45%) said that the pandemic had a negative impact on their business, with the majority (78%) losing up to 50% of their earnings; They were divided in terms […]