How is my P11d benefit in kind calculated for my car?
If your company car (owned, leased or hired by the company) is available to you for personal use, then a benefit in kind arises and is taxed on your personally.
What is a Status Determination Statement (SDS)?
So, what is a Status Determination Statement (“SDS)? HMRC have confirmed that when the new Private Sector Off-Payroll Working Rules come into play in April 2021, End-Hirers will have an obligation to issue SDS’s down the supply chain and to each off-payroll worker. This is one of the main changes to be made to the […]
IR35 delay – What does this mean?
“This postponement will be a welcome relief for contractors who are facing great uncertainty as a result of the current COVID-19 pandemic. Contractors should not be complacent, however, this is not a free pass to use a Personal Service Company for a role that has now been captured inside IR35. Since responsibility for IR35 compliance […]
Budget outputs summary – 11th March 2020
Newly appointed chancellor Rishi Sunak today delivered the first financial statement of Boris Johnson’s majority government. We look what this budget means for the flexible workforce supply chain. As expected, the Government is pressing on with the introduction of IR35 changes for the private sector, acknowledging this in the budget detail with “the reform will […]
5 top tips to ensure contractors are supported through IR35
It’s no surprise that contractors are nervous about IR35. It is a complex piece of legislation which will have a direct effect on the take-home pay of many private sector contractors when it is introduced from April 2020. A lack of government guidance and negative media coverage has contributed to continued uncertainty amongst freelancers. This […]
Red, White and Green Limited vs HMRC (2020)
Well-known television presenter Eamonn Holmes faces a £250,000 tax bill after losing his case against HMRC. IR35 is a complex area of employment law, the boundaries of which are set by legal cases such as this one. Until this April, it has been the responsibility of contractors to determine their employment status for tax purposes, […]
The IR35 myth-buster: Answering contractors most asked questions
Changes to the off-payroll working rules – otherwise known as IR35 – are fast approaching for the private sector. From April 6th, responsibility for assessing the employment status of a contractor, for tax purposes, passes from the contractor to the end-hirer that engages them. The rule changes are still being met with confusion, however, with […]
What are the IR35 Employment Tests?
Substitution, Direction and Control , Right of Substitution and Mutuality of Obligation are the principal referenced tests. When determining whether a worker is genuinely self-employed or a “disguised employee”, these key employment tests should be applied.
How to get started as a contractor – Infographic
If you’d like to know what happens once you’ve joined Intouch as a Limited Company contractor, then take a look at our infographic to see how easy the steps are…
News-Avoiding an IR35 Talent Drain