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Major Firms Stop Hiring Limited Company Contractors as a Domino Effect Clouds the Industry
Experts reveal that a “domino effect” has emerged in the contractor industry. Large businesses are hesitant to work with limited company contractors. Prominent names like M&G Investments, Morgan Stanley, HSBC, Barclays, and Lloyds have suggested that they would...
Another Loan Charge Contractor Commits Suicide, Increasing the Death Count to Seven People
Unfortunately, one more death has occurred due to the Loan Charge 2019. Recently, a contractor who was affected by the Loan Charge committed suicide. This means that the reform has now led seven people to kill themselves. According to MPs from the Loan Charge APPG,...
NHS Locum’s Victory Can Help the Healthcare Industry in IR35 and Off-Payroll Cases
An NHS locum has decided to lock horns with the tax authorities. He has taken action against the IR35 tax tribunal judgment at the UT (Upper Tribunal). Experts believe that this case can set a unique, helpful precedent and may go on to help those healthcare locums who...
LCAG Helpline Warns About the Possibility of Further Suicides to the Chancellor
The LCAG Helpline, which was created to stop suicides triggered by the April tax, has revealed some frightening insights. They say that around five contractors are close to committing suicides because of the Loan Charge 2019. The LCAG Helpline penned a letter to Sajid...
HMRC Hands a Major Defeat to BBC Presenters
The HMRC emerged victorious in a recent IR35 tax tribunal when it won a case against three presenters of BBC. Experts indicate that this win can inflict a major impact on the broadcasting industry. Joanna Gosling, Tim Willcox, and David Eades were the BBC presenters...
Boris Johnson and Sajid Javid Asked to Stop the Private Sector Legislation
Chancellor Sajid Javid and Prime Minister Boris Johnson are receiving open letters from different organisations. Businesses are requesting them to put an end to the new contractor legislation of the private sector. In total, 11 groups representing freelancers and...
MPs Write Letters to Boris Johnson and Sajid Javid
A Lib Dem and former business secretary joins the growing list of MPs who look determined to go against the Loan Charge 2019. The highly-motivated movement has so far managed to displace the number one and two from the government. The ex-shadow chancellor, Sir Vince...
Treasury’s Response for the IR35 Reform Receives Severe Criticism
Recently, criticism was levelled against the government for repeating the same “old stuff” in its response to a local contracting agency. The firm had petitioned for stopping the IR35 reform in the private sector – a demand that is increasingly gaining popularity in...
Regulations for Umbrella Companies in UK
The government has finally unveiled its strategy on the regulations pertaining to umbrella companies. The business department constructed a reply against the Taylor Review. It states that regulations from the Employment Agency Standards Inspectorate would now cover...
UK Secretary of State Sheds Light on the Good Work Plan
Mathew Taylor had published the Taylor Review of Modern Working Practices in July 2017. The Review made recommendations based on new work practices and models such as digital platforms and the gig economy. The Government published a response to the Review in February...
A Recent ET Outcome Reveal Dangers of Alternate Employment Schemes
A worker who was offered services through a limited company has been awarded nearly £15,000 in the tribunal case for unfair dismissal. According to Justin Roberts, a Senior Manager at Ernst & Young (EY), the case outcome serves as a reminder to employers about the...
MPs Say HMRC’s IR35 Could Have a Devastating Impact on Society
HM Revenue & Customs (HMRC) introduced the 2019 Loan Charge in order to recover unpaid taxes from individuals who have used disguised employment schemes since the 6th of April 1999. The new rule that will become applicable in April 2019 has received a lot of...