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Budget 2021: Top 10 takeaways for contractors from Rishi Sunak’s ‘could be worse’ Red Book

Nothing new on IR35 to stop April’s reform leaves contractors assessing Budget 2021’s other non-announcements and announcements, to see if the chancellor was a friend or foe.   So a CJRS extension, a small company tax rate, and no DISS…

Budget 2021: Rishi Sunak omits IR35, even as HMRC eyes £1.5billion extra from off-payroll reform in 2024-26

Rishi Sunak broke with tradition by not uttering ‘IR35’ once at today’s Budget 2021, unlike almost all Spring and Autumn fiscal statements by chancellors of late. In what the contractor sector says is a tacit admission that the new off-payroll…

Budget 2021: chancellor’s full speech

Madam Deputy Speaker, A year ago, in my first Budget, I announced our initial response to coronavirus. What was originally thought to be a temporary disruption to our way of life has fundamentally altered it. People are still being told…

Budget 2021: What PSCs need to know with Sunak’s sights set on Capital Gains Tax

Following the devastating impact of the covid-19 pandemic, chancellor Rishi Sunak is tomorrow tasked with setting out an economic roadmap for the recovery of the UK economy at his Budget 2021. With the prime minister’s lockdown-leaving roadmap depending on four…

Budget 2021: Contractors with just one major client face ‘big, unwelcome shock’

Contractors with just one major client could be hit by a reported plan by the chancellor to go further at Wednesday’s Budget 2021 than merely wave through private sector IR35 reform. Infuriating contractors on social media at the weekend, the…

Contractors’ Questions: Why am I being paid ‘inside IR35’ on an ‘outside IR35’ contract?

Contractor’s Question: I was engaged on an outside IR35 basis – my contract makes that clear. So can you explain why for the first time this month, my submitted invoice was paid as inside IR35? That’s a status I’ve signalled…

Contractors offered ‘outside IR35’ contracts that morph to ‘inside’ from April

Limited company contractors working outside IR35 are widely having their renewal or end date brought forward to a decision-day of March 31st, ahead of the new off-payroll rules biting on April 6th. Other PSCs — whose clients have actually decided…

Kaye Adams IR35 case: five takeaways to keep the off-payroll rules from biting contractors

It came as no surprise that HMRC appealed the decision of the First-Tier Tribunal in Athol House Productions Ltd, also known as the Kaye Adams case, and similarly foreseen, much of the grounds of appeal focussed on it being a…

Contractors, having your hands contractually tied as IR35 reform looms? Then check those ties

Having their hands tied in an already tight situation is far from what limited company contractors would choose as we approach a new IR35  on April 6th, but that may be the reality for some PSCs using agencies where there…