Originally posted by Waldorf
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Just received this from our contact at HMRC
Collapse
X
-
-
I disagree Waldorf. If IR35 caught and using a brolly today then moving to a Ltd and still being IR35 caught won't make much difference will it? Am I missing something?Comment
-
Originally posted by Crossroads View PostI disagree Waldorf. If IR35 caught and using a brolly today then moving to a Ltd and still being IR35 caught won't make much difference will it? Am I missing something?"Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
-
Originally posted by Waldorf View PostThe removal of T&S effectively puts the final nail in the coffin for umbrella companies. Many brollies will of course start the process of trying to move their clients to PSC's. Many will, so they may salvage something, but most will go permie or via the agency.
Of course an umbrella guiding clients to go limited will contravene the MSC rules! Of course many brollies will at best ignore this or at worst be unaware of what MSC is [emoji33]
Lastly it is another case of government not thinking this through, they have a problem with too many contractors working through PSC's, so what do they to, encourage thousands of brolly users to go limited! They will then want to block this off in a few years, or even months.Comment
-
Originally posted by jamesbrown View PostYeah, you have to wonder about that. It isn't as though they're unaware of this (hence the changes between discussion and consultation of the T&S). I guess they're willing to accept the risk for a short period on the basis that IR35 is a better disincentive against TMI than nothing and it will be reformed very shortly, at which point the umbrellas may ultimately win.Comment
-
Agree Dave. But if you are outside IR35 then you are perhaps using a brolly for convenience. If anything I see brollies flourishing... I suspect I would use one if IR35 caught, and no doubt the forthcoming review will aim to catch more by changing the rules.Comment
-
Travel and subsistence
Originally posted by LisaContractorUmbrella View PostTravel and Subsistence
The Chancellor made the following announcement today:
3.20 Employment intermediaries and tax relief for travel and subsistence – As confirmed at Summer Budget 2015, the government will legislate to restrict tax relief for travel and subsistence expenses for workers engaged through an employment intermediary, such as an umbrella company or a personal service company. Following consultation, relief will be restricted for individuals working through personal service companies where the intermediaries legislation applies. This change will take effect from 6 April 2016.
April 2016.
The text is at chapter 3.20 in the Blue Book - follow the link:
https://www.gov.uk/government/upload...Accessible.pdf
Draft legislation will be published on 9 December.
Intermediaries legislation - IR35
As you know the government announced at the Summer Budget that HMRC would engage with stakeholders over the summer about the best way to reform the intermediaries legislation (IR35). A discussion document was published on 17 July and HMRC received over 160 written responses in addition to 14 roundtables with stakeholders.
The government is considering responses to the discussion document. The government’s objective as set out in the discussion document is to find a solution that protects the Exchequer and improves fairness in the system without creating disproportionate burdens on business, or widening the scope of the rules.
There was a question raised a while back whether mid week hotel costs (wholly for business) was outside of travel and subsistence. was this ever clarified ?Comment
-
Originally posted by colinrobinson View PostThere was a question raised a while back whether mid week hotel costs (wholly for business) was outside of travel and subsistence. was this ever clarified ?Comment
-
Originally posted by LisaContractorUmbrella View PostAccommodation is seen as being part of travel and subsistence
If we all started to bill clients as rate plus Expenses like it was in the old days, would they not be able to claim back the expenses as a true cost to their business. They would not be caught by any intermediate legislation. Id then be happy to use umbrella.Last edited by colinrobinson; 25 November 2015, 16:08.Comment
-
Originally posted by LisaContractorUmbrella View PostWhat I've never been able to understand is that umbrella companies are easy for HMRC to police - they have thousands of contractors all in one place and RTI and agency reporting means they know who's doing what, where and with whom - by encouraging a move to PSC's they're just making their own job more difficultComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment