According to people who’ve been in the negotiating room with HM Treasury’s new boss, he’s versatile, open-minded, and not accepting of civil servants' scripts.
Contractor experts try to set aside their concerns, as the ex-chancellor who gave PSCs IR35 reform and next to nothing during covid is coronated Tory leader.
Officials effectively saying ‘as you were’ isn’t a message that can hurt contractors. Not after the ‘crazy situation’ their entire sector has just endured.
A PSC profits rate of up to 26.5% is back on the cards, following one chancellor’s political collapse, and his successor raising the stakes on limited companies.
Calls for a potentially ‘desperate’ taxman to offer PSCs an amnesty don’t get an answer, possibly as Status Determination Statements will come with a post-repeal ‘hangover.’
The non-believers of a ‘worthwhile’ IR35 review are numerous, but gaining ground are those already itemising fixes for the ‘restrictive’ off-payroll rules.
In a landmark ruling for the umbrella sector, it’s officially ‘out’ with the pro-rating holiday pay formula of 12.07%, and ‘in’ with the 5.6 weeks’ calculation.
In a heart-breaking development shattering a family, turning a lawyer speechless, and inspiring calls for chancellor Zahawi to intervene, another person has taken their own life over HMRC tax policy.
Off-payroll advisers urge limited company workers to take heed of the terms, because courts are shining a light on what’s stated in the written agreement.
‘Unpredictability’ clouds the labour market, on the back of cost-fears and pent-up covid demand appearing to go in the opposite direction to skills shortages.
A very different starting 11 (with no substitution to boot) is handed to the soccer pundit, to explain why HMRC rightly blew the whistle on his status.
‘Proactive transparency’ can bring brollies out of the shadows, potentially even to lance the boil that keeps getting inflamed, often by looking only at the legal position.
On the back of one-time IR35 critic Sajid Javid resigning, the Treasury boss who snubbed directors and imposed 2021’s off-payroll rules walks too, leaving Boris Johnson further in the lurch.
Accreditation body backtracks on banning brollies from pocketing accrued pay, in what's being described as an 'open-and-shut case of the tail wagging the dog.'