Reflecting on Three Years of IR35 in the Private Sector
Delving into the workings of IR35’s journey in the private sector over the past three years reveals a tapestry woven with challenges, adaptations, and regulatory evolution. From its debut in 2021 to the latest developments in 2023, IR35 in the private sector has left an indelible mark on how businesses engage with contractors and navigate […]
Spring Budget 2024
The Chancellor announced a “budget for long term growth”, however, with fiscal projections remaining flat and recognising a limited amount of wiggle room, significant tax cuts were not on the table. How will it affect you? The elephant in the room is the continued theme concerning personal finances with the extended freezing of various allowances (namely income tax and inheritance tax) beyond […]
Open Consultation reply: Navigating HMRC’s Proposed Tax Changes
Recap on the consultation change: In April 2023, the government initiated a consultation process to gather opinions on a potential legislative amendment enabling HMRC to offset tax and National Insurance Contributions (NICs) paid by a worker against the deemed employer’s PAYE liability. The objective was to address the existing double taxation issue. Fast forward to […]
The Incoming Offset Rule: What Hirers and Contractors Need To Know
How will the offset rule affect contractors and their hirers? In April 2024, a small but potentially significant change is being introduced to the off-payroll working rules, commonly known as IR35. This mechanism, designed to offset a double payment of tax, has the potential to make working with independent contractors more attractive to hirers. What […]
Recap – Looking back at 2023
As we step into 2024, let’s take a reflective journey through the pivotal events that defined the landscape of 2023. Amidst the dynamic tapestry of developments, HMRC took centre stage by reaching out to private sector businesses for investigations into Off-payroll working rules, initially focusing on the transport and distribution industry. The intricacies of their […]
Autumn Statement 2023
Today’s Autumn statement, delivered against a back-drop of inflation falling and the economy and public finances stabilising, was anticipated with a degree of optimism. Whilst there is some good news in there for the majority of the workers, I think there has been a missed opportunity to extend the tax cuts to all of the […]
Spring Budget – 2023
The Chancellor’s budget today centred on achieving growth by “removing obstacles that stop businesses investing; by tackling labour shortages that stop them recruiting; by breaking down barriers that stop people working; and by harnessing British ingenuity to make us a science and technology superpower.” And although the spending deficit has improved, following a rise in […]
AJ Bell Great Manchester 10k Run
On Sunday 21st May, 30 employees across the Brookson Group will be running the AJ Bell Great Manchester 10K run to raise funds for Cancer Research UK. This is an incredible effort by our team, and we’re proud to support such a great cause. Cancer Research UK is one of the world’s leading cancer research […]
Recap of 2022
It is hard to believe that it was only 12 months ago when many medium and large-sized end-hirer organisations were starting to get comfortable with the IR35 off-payroll working rules. For those organisations who applied the IR35 rules fairly, they had undertaken the challenging and arduous task of assessing the employment status of all its […]
Autumn Statement 2022
In order for the Government to plug an anticipated £55 billion hole in public finances, (half of which are to be paid for by tax rises) the Prime Minister and Chancellor had already “agreed on the principle that those with the broadest shoulder should be asked to bear the greatest burden”. How will it affect you? The dominant theme of the statement for personal finances was the extended freezing […]