IR35 continues to be a hot topic within our sector. In our last newsletter we discussed HMRC's consultation, which was launched in May 2016, and considers the use and application of IR35 in the public sector. This consultation officially ended on the 18th August, with conversations running over the course of September. This newsletter looks in detail at the outcome of this consultation and what it ultimately means for agencies and limited company contractors operating within the public sector.
This month, we also look at HMRC's new Online Personal Tax Account, where individuals can carry out tasks such as view their tax contributions, check their tax code and renew tax credits, to mention just a few.
And finally we discuss, how since we are now 6 months in to HMRC's changes to the tax rules and rates around dividend income, it is now the perfect time for your limited company contractors to go over their tax planning options to ensure they are continuing to work in the most tax efficient way.