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The big picture - September 2016

Paystream News

Paul Malley

Thursday 29th Sep, 2016

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, given that we are now 6 months into HMRC's changes to tax rules and rates around dividend income, we give our advice to our limited company contractors to ensure they are considering their tax planning options to ensure that they are tailored to their personal circumstances.