A question that we are asked a lot, by agencies and end clients, is whether we think the off-payroll legislation will be delayed again. Although there was relief last year when the off-payroll rules were postponed there was also frustration for the companies that had taken the time and trouble to get there processes right. This has led to a reluctance this time round to carry out work unless absolutely necessary when they are so many other issues to deal with.
At the time of writing we are all expecting Chancellor Rishi Sunak’s 2021 Budget to be delivered on 3rd March. The worldwide health issues caused by the COVID-19 pandemic together with the knock-on economic effects since his last Budget will inevitably be reflected in the content of Budget 2021.
HMRC introduced its ‘Check Employment Status Tool’ (CEST) in 2017 to assist employers, hirers and workers in determining the employment status of the worker to ensure that the correct tax and National Insurance Contributions were paid. However it has faced criticism, we take a look to see whether it is fit for purpose in this blog.
As stated in our previous blog article - ‘IR35 errant clause’ is much ado about nothing, the Government has now confirmed that the off-payroll legislation will not affect umbrella companies and that the legislation itself will be amended to clarify the definition of “intermediary”.
On Thursday 4th November we did what no other provider has done before and scooped a trio of awards at The Contracting Awards 2020. Not only did we retain the Best Contractor Accountant award for the second year running, but we also walked away with Best Umbrella Company and Best Contractor Innovation for our IR35 Comply service.
This week some commentators picked up on the drafting flaw and published articles warning against the use of umbrella companies unless tax was deducted before paying the umbrella company. This seemed counterintuitive to us since one of the benefits to agencies and contractors (and HMRC) of using umbrella companies is the assurance that the correct levels of tax are paid.
With the furlough scheme due to end in October the country was waiting to hear what new proposals the Chancellor had planned to help industry and business through the continuing COVID-19 pandemic. This came in the form of the Winter Economy Plan. Further details of the measures announced are still to be published or clarified. In this article we provide a summary of what we learned.
We’re thrilled to announce that PayStream has been shortlisted in 3 categories at The Contracting Awards 2020, including: Best Umbrella Company, Best Contractor Accountancy and Best Contractor Innovation for our groundbreaking IR35 Comply review service.
Each month we highlight key points which are taken from REC's Jobs Outlook Survey to bring you the latest contractor market trends. In August's edition, there are a couple of surprises, which can only be good for the contractor market. Is your sector in demand?