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.
March 8th marks international women’s day. A day for us to celebrate women’s achievements, raise awareness against bias and take action for equality. As this year’s theme is #BalanceforBetter, we wanted to celebrate just some of the many inspirational women we have working here at PayStream by asking them 4 simple questions…
On 5th March the consultation document was released for the private sector. The consultation was largely as expected although HMRC clearly wants to place even more responsibility and liability on the supply chain than in the public sector.
We are delighted to announce that PayStream have been confirmed as an FCSA accredited member. This prestigious accreditation supports our company ethos of delivering outstanding compliance and service and covers all three of our service offerings: umbrella, accountancy and CIS.
In April 2017, there were major changes to how IR35 is operated in the public sector. Historically, the contractor supplying his company’s services to a client was responsible for determining whether IR35 applied to the assignment. However, from April 2017, this responsibility shifted to the client, with the agency (as the fee payer) becoming responsible for deducting tax from payments to the PSC if IR35 applied.