TV presenter, Lorraine Kelly has won an appeal against HM Revenue and Customs (HMRC) at a First Tier Tribunal (FTT) over a £1.2 million demand for unpaid income tax (£899,912) and National Insurance Contributions (NICs) (£312,615). The appeal arose from a challenge to her employment status under IR35. HMRC were claiming that Lorraine Kelly should have been working inside IR35… read more →
Despite fears of swingeing changes to taxation for independent contractors, in particular, further changes to the IR35 rules, the Chancellor delivered a Spring Statement that offered only minor amendments. The lack of change will be welcomed by some seeking greater certainty in uncertain times, but many contractors will be disappointed that Philip Hammond didn’t act to slow down or reverse… read more →
For many years, various “loan schemes” have been marketed to contractors. With a loan scheme, a very small salary is paid to the contractor and the rest of the money earned by the contractor is loaned. The taxes paid are very low, the fees to the loan scheme promotor substantial. It is now clear that HMRC will chase the tax… read more →
On Tuesday 5th March, the Government launched a consultation into how the off-payroll working rules should be implemented within the private sector from April 2020. In particular, one of the big problems with the IR35 changes in the public sector was that contractors didn’t have any forum with which to challenge status decisions. A key concern in the past has… read more →
A Tinder-inspired app is helping farmers match up potential partners for their cattle. Called “Tudder” – a mix of dating app Tinder and udder – it lets farmers swipe right on cattle they like the look of. They are then directed to a page on the SellMyLivestock website, where they can browse more pictures and data about the animals before… read more →
On any other day, the Chancellor’s Spring Statement would have dominated the headlines. However, with the UK’s scheduled withdrawal from the EU just days away, and the Prime Minister’s latest Brexit deal voted down by the Commons just hours earlier, this seemed more like a sideshow than the main event.