Risks to a Business: Failing an HMRC Investigation
Running a successful business is a complex journey filled with triumphs and challenges. Among the many hurdles a business may face, an investigation by HMRC can be one of the most daunting and disruptive experiences. In this blog, we will delve into the risks a business faces when failing an HMRC investigation and explore the […]
The Importance of Careful IR35 Compliance: Why Frequent Reassessments Are Necessary
IR35 has been a hot topic in recent years, causing significant concerns for both contractors and businesses alike. With its complex regulations and potential financial implications, it’s crucial for companies to exercise utmost care when dealing with IR35. In this blog post, we’ll delve into the reasons why consistent reassessments are not only essential, but […]
HMRC Interview Process
HMRC Investigation – What to expect if you are contacted?
Even before IR35 became a permanent fixture in the private sector, we always emphasised the importance of preparing for a HMRC investigation. With the IR35 soft landing ending over a year ago, HMRC has given businesses enough time to get their affairs in order and has now started contacting private sector businesses to talk about […]
Consequences of getting IR35 wrong
HMRC’s 12-month grace period which was implemented after the changes were first introduced in April 2021 has now passed. This means it is more important than ever that organisations are complying with the legislation and minimising their risks as much as possible. Furthermore, HMRC has started their transition from education to enforcement and has already […]
Why CEST isn’t fit for purpose
CEST stands for Check Employment Status for Tax and is the HMRC developed tool that many businesses use for IR35 assessments. It hasn’t been updated for nearly 3 years and as such its suitability is frequently discussed, and despite businesses continuing to use it for conducting IR35 assessments, it is important to note that its […]
All you need to know about HMRC Investigations
It was confirmed on the 17th of October 2022 by the Chancellor of the Exchequer, Jeremy Hunt, that plans to repeal Chapter 10, ITEPA 2003 (more commonly known as IR35) have been scrapped. This means that End Hirers in the supply chain will continue to be responsible for assessing the employment status of their off-payroll […]
5 common mistakes made in IR35 mock investigations
‘Mock investigations’ are becoming increasingly popular with our clients as businesses begin to put their IR35 solutions to the test. Mock investigations allow your organisation to see potential pain points in your IR35 solution before it’s too late. In the event of an HMRC investigation, these simple checks will provide peace of mind that processes […]
Recruiters, here’s what you should be telling your clients about IR35
Now we are more than 16 months on from the new IR35 rules being implemented, are you reengaging with your clients to assess how they are getting on? Many agencies were very proactive in the run up to the change in legislation, but now there is an opportunity to provide further advice and suggest better […]
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 […]