Could you recruitment agency afford a £260k tax bill?
A Recruitment agency specialising in the Healthcare Sector (K5K) has been ordered to pay a £260k tax bill after having had its appeal regarding the ‘Section 44’ legislation dismissed at a First Tier Tribunal hearing. HMRC are continuing to crack down on the flexible supply chain and this is another instance of a business not […]
Brookson sponsor energy ball 2022
Brookson is pleased to be partners of the Energy Ball 2022. The event is taking place on Saturday 26th November at the P&J Live. This event supports Scotland’s Charity Air Ambulance in keeping the crews of Helimed 76 and Helimed 79 in the air and saving lives. This event is an evening offering its guests […]
Key Findings: What businesses are doing wrong when it comes to IR35
In recent months, we have been working with a range of clients in different sectors to complete mock investigations. This service gives businesses a better understanding of how HMRC would undergo an investigation and where their business would stand in a real-life scenario. With HMRC now starting to investigate private sector businesses, we wanted to […]
People2.0 Acquires Leading UK-Based Provider of Support Services to Independent Contractors
Merger with the Brookson Group—a broadly recognized, technologically advanced independent contractor support platform—boosts People2.0’s market reach and will serve as gateway to enable and support independent work arrangements globally. King of Prussia, PA, and Warrington, UK – June 21, 2022 – People2.0, the world’s largest global employer of record (EOR) and agent of record (AOR) […]
Employers lack data to make IR35 worker status decisions, say MPs
Organisations do not always have the information they need to make accurate worker status decisions under IR35 requirements and it is too difficult for workers to challenge decisions they feel are incorrect, according to a group of MPs. In its second report looking into the lessons from implementing IR35 reforms, the public accounts committee says HM Revenue […]
IR35 Soft Landing Ending – Industry Trends Final
Any legislative advice should be given by a professional advisor with the relevant qualifications and governed by regulatory bodies. In this instance, an SRA regulated Law Firm is best to provide advice and guidance on IR35! We understand that every business is unique and requires a tailored approach to meeting HMRC’s requirements and our IR35 […]
IR35 Soft Landing Ending – Industry Trends: Part 7
Since the changes in the Public Sector in 2017 and the subsequent change to the Private Sector in 2021, blanket approaches to IR35 have been common. Implementing either a blanket ban on contractors working via a Limited Company or assessing all or large populations of contractors as ‘Inside’ IR35 is fraught with issues: This goes […]
IR35 Soft Landing Ending – Industry Trends: Part 6
With the private sector legislation now BAU, we look at the IR35 audits completed by Brookson Legal and the CEST tool and compare the results. IR35 output definitions are: Inside IR35: The service the contractor provides is deemed to reflect that of an employee and should therefore be subject to income tax and NI deductions […]
The Spring Statement Outputs 2022
The Chancellor, Rishi Sunak, presented a “mini budget” on Wednesday 23rd March 2022 – an update of the Government’s plan for the economy against the backdrop of a cost of living crisis and rising inflation. As expected, this was a “tax-light affair”- but did the Chancellor do enough to relieve the pressure on businesses and […]
IR35 Soft Landing Ending – Industry Trends: Part 5
The change to IR35 has placed the onus on the client to assess the status of their workers. This is not a one-time task and needs regular re-assessments and reviews to ensure you are taking Reasonable care: Businesses need to regularly re-assess workers to ensure ongoing compliance and that Reasonable Care has been met in […]