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.
In 2017, Matthew Taylor put forward a number of recommendations to help improve UK employment law. The government took on board the majority of Taylor’s suggestions and in late 2018, outlined their legislative responses in the Good Work Plan. Read how this led to the formation of the Key Information Document.
The countdown to April 6th is on. The Government have already confirmed that the introduction of the off-payroll working legislation will not be delayed in 2021 so it’s imperative that recruitment agencies have a plan in place. As always, agencies can continue to contact their PayStream Client Relationship Manager for hands-on IR35 advice, however here are a few quick pointers of things we learnt from our clients in the run up to the changes last April.
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.
For Personal Service Company directors in the contracting industry, and indeed small businesses in general, the countdown to Christmas each year brings with it some tedious but essential tasks before the festive season can be enjoyed.
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.