Personal Tax planning can be a complicated landscape to navigate. But with the Brexit process rumbling on and Making Tax Digital finally coming into force, there is no better time than now to put your financial plans in place for 2019/20.
For some time now there has been uncertainty in some parts of the recruitment sector as to whether the valuable VAT concession which exempts employment agencies from charging VAT for supplying certain nursing and nursing auxiliary staff to an end user can be accessed by an umbrella company.
PayStream recently had the pleasure of speaking with Tabatha Rose a Programme Manager working within the Global Marketing Division of HSBC, who has taken the exciting step of setting up a limited company and, as a result, is now a director of her own business.
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 was 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.