The consultation on “off-payroll working rules from April 2020” was published on 5th March 2019. The proposals are broadly similar to the public sector, however there are some key developments which will apply equally to public sector engagements from April 2020.
What are the benefits of working as a contractor? We asked our contractors on social media to complete a short survey highlighting their views and opinions of the current contracting market. The results were shaped by contractors who work in a variety of different sectors including Education, Sales, Retail, Contruction & IT Consulting which provided us with some compelling results.
We had a great to start to the year with the announcement that once again PayStream were voted the Best Umbrella Company in the Contractor UK Reader Awards! This is an achievement we are all extremely proud of, making it the third year in a row we have walked away with this title.
This year’s Spring Statement from the Chancellor of the Exchequer has been rather overshadowed by Brexit but hidden amongst the various promised consultations appeared an HMRC report titled ‘Tackling tax avoidance, evasion and other forms of non-compliance’. We thought we’d share with you our view as to where we are now and where HMRC are planning to go next.
As the end of the tax year approaches there are various rules, rates and allowances in place which if used effectively can ensure you are working in the most tax efficient way. This is why we have created a Year End Tax Guide which covers the following topics from personal allowances and reliefs through to penalties and upcoming charges.