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Chancellor Sunak Vows ‘Tweaks and Improvements’ to IR35 Framework
Rishi Sunak — the new Chancellor of the Exchequer — has decided to make improvements in the IR35 framework that will allow a smooth transition from the 2000 legislation to the 2020 off-payroll rules. The new Chancellor said that the April 6th IR35 reform is “going to...
Treasury Minister Admits Ignorance About IR35 Blanketing
Treasury Minister Jesse Norman has acknowledged that he doesn’t know about blanket IR35 assessments. In response to questions in the House of Commons regarding Aprils’ IR35 reform, he had stated that he has no knowledge about blanket assessments of off-payroll...
Sir Amyas Morse to Be Questioned By the MPs
Sir Amyas Morse, the former Head of the National Audit Office, is expected to appear before the Loan Party APPG. Several MPs are reviewing Loan Charge 2019 as there is an increasing sentiment that Sir Amyas’ recommendations are not going to have much impact on the...
Contractors Remain Wary About the Individual IR35 Testing Claims by the Clients
Deutsche Bank, IBM, and Microsoft have responded to the IR35 reform by banning limited company workers. It has been considered as a positive indication for clients who are assessing the status of PSC on a case-by-case basis. Even with the backing of experts for...
Industry Experts Don’t Expect a Significant Change from the IR35 Review
Industry experts don’t expect much from the government’s review and fear that it is going to be an exercise in futility. These concerns emerged when the HMRC published a technical comment for the secondary legislation of the off-payroll rules. Susan Ball, who works as...
HMRC Comes With An Update For Internal Guidelines Amid The IR35 Review
The HMRC has upgraded the CEST tool for IR35 with a direct update. The manual of HMRC reveals a series of prospective questions for CEST, which are expected to evaluate tax status. The updated internal manual by the HMRC contains around 70 roughly questions regarding...
Boris Johnson Introduces a Plan to Limit Judicial Reviews
Boris Johnson has made it clear that Judicial Reviews are going to be affected by a Tory manifesto-pledged clampdown. He has targeted an area that is used by contractors to challenge retrospective taxation, IR35 reform, and IR35, in the House of Commons on Wednesday....
Can the IR35 Contractor Factsheet Still Make a Difference?
Recently, the government released a “Contractor Factsheet.” It is created to assist independent workers so that they can prepare for the upcoming changes in the IR35 legislation. The legislation will come into effect on 6th April. IR35 changes will make large and...
MPs Are On the Lookout for the Post-Loan Charge Review Situation
A few cross-party MPs have opened up about reservations on the Loan Charge 2019. They are interested in learning what the HMRC is communicating to the affected customers when the tax review is concluded. The Loan Charge All-Party Parliamentary Group stated that they...
Royal Bank of Scotland Refuses to Hire PSCs after February 28th
RBS (Royal Bank of Scotland) has silently taken a u-turn about its plans to ‘continue to engage PSCs under a new IR35 from April’. The institution now opines that it will no longer use these types of contractors after February. The bank announced that all contractors...
ICAEW Reveals the Loan Charge Testimony
ICAEW, the UK’s leading accountancy membership bodies, was one of the first organisations to provide evidence against the 2019 Loan Charge Review. Now, it has penned a letter to Sir Amyas Moore and shared some of its views. The body said that its case hinged on three...
Lloyds contractors begin meetings that will seal their IR35 fate
Limited company contractors at Lloyds face “divisional discussions” about their future at the bank, following its plan to ban them from March – a month before IR35 reform bites. An internal memo by Lloyds adds that PSCs have from yesterday (Oct 9th) and until two...