Sky Sports presenter Dave Clark has been told to pay £281,000 in tax. This tax bill arose for the years from 2013 to 2018 when the work he carried out through his company, Little Piece of Paradise Ltd, for Sky Sports in its coverage of professional darts, was found to be within IR35.
As is now the norm, we already knew through pre-Budget briefings that the public sector pay freeze was to be lifted, more funding was to be provided to the NHS and the National Minimum Wage was to rise to £9.50 per hour. When added to the National Insurance rises from April 2022 which were announced back in September, what else could Chancellor Rishi Sunak include in this, his second Budget of the year? The answer was quite a lot or perhaps a “bit for everyone” would be more accurate.
In September the Government announced an increase in National Insurance Contributions (NICs) from April 2022 amongst changes to the Health & Social Care Levy and tax rates on dividends. We take a look at the impacts the NIC increase will have, in addition to the other changes.
This week the Government successfully passed its taxation proposals through Parliament for increased funding of the NHS to help it tackle the enormous waiting lists. Also outlined was the Government’s long-awaited solution for the reform of England’s social care system. We take a look at what this means for limited company contractors.
Amendments to the Finance Bill to consider regulating the umbrella sector were discussed in Parliament. While not taken forward at this time, it is fair to say that all those who currently comply with existing legislation would support sensible legislation together with a regulatory body to stop the unscrupulous behaviour of the minority within the umbrella market.
On 29th April HM Revenue & Customs (HMRC) updated its guidance on working through umbrella companies to give more clarity about how the supply chain works and what a contractor should expect from an umbrella company. Find out what they said...
At his Budget on 3rd March Chancellor Rishi Sunak was sparing in the detail of the Government’s long-term COVID-19 tax recovery plans. Budgets normally provide us with a clue as the tax strategy for the coming few years through the publication of HM Treasury’s consultation and discussion papers. The subjects of the ‘call for evidence’ gives us an insight into the Government’s medium - longer term fiscal thinking. This year these plans were slightly held back until 23rd March 2021...