Budget 2018: key points for contractors

Aside from IR35 being extended to the private sector in April 2020, what other changes were revealed for contractors in the Budget 2018 report? From Entrepreneur’s Relief reform and VAT registration frozen thresholds to Personal Allowance and Higher Rate Thresholds. We’ve done a quick summary of what’s most important for contractors.   Entrepreneurs’ Relief reform…

Budget 2018: IR35 to be rolled out to the private sector in 2020

On 29th October 2018, Philip Hammond finally delivered the highly anticipated Autumn Budget 2018. After much speculation, it has been confirmed that IR35 reform will be extended to the private sector. Despite fears that the reform would be introduced in April 2019, the Chancellor of the Exchequer said the changes would not be implemented until April 2020.…

2018 Budget Statement predictions: IR35 and MTD

It has been announced that Chancellor of the Exchequer, Philip Hammond, on Monday 29th October, will present the 2018 Budget Statement. Many were expecting the Autumn Budget to be presented at a later date, but it has been brought forward to avoid clashing with any potential fall-out from the final Brexit negotiations.   IR35 For…

Spring Statement 2018: a summary for contractors

The Chancellor of the Exchequer, Philip Hammond presented his Spring Statement to Parliament on Tuesday 13 March 2018. Unfortunately, the contractor sector must wait a while longer for news on any potential IR35 changes. There is a lot of frustration within the industry as many publications are being waited upon.   What are we still…

Autumn Budget 2017: Highlights and Key Announcements

Chancellor Philip Hammond presented his Autumn Budget 2017 to the House of Commons on Wednesday, 22nd November 2017. It outlines the government’s plans for spending, borrowing, taxes and other fiscal measures. Please find below a summary of highlights and key announcements we think are most relevant to contractors and freelancers in the UK. Please note…

Budget Special: IR35

In collaboration with our partners Bauer & Cottrell, we are sharing an update on the highly anticipated IR35 in light of the latest Autumn Budget. Bauer & Cottrell are specialists that advise on IR35, tax and NIC status and have covered everything you need to know about what’s in store for off-payroll working in the private…