PRISM: Government review of employment legislation something to celebrate

Article by PRISM Trade body PRISM has welcomed the Government’s decision to launch a review of employment legislation after campaigning for one for the past year. PRISM has been pressing for a review to end the sticking plaster approach to legislative changes which have been impacting the temporary workers market. The idea of the review…

HMRC update on contractor tax avoidance schemes

We’ve all heard the old adage ‘if it’s too good to be true, then it probably is.’ A minority of contractors are still getting caught up in schemes that are offering 85-95% take home pay. These may not be all that they seem. HMRC is continuing to focus their attention on reducing the number of…

IR35 contract review – why bother?

Taking IR35 seriously and giving it proper consideration for every contract should be the starting point for all contractors. Ultimately, IR35 will fundamentally affect how you choose to operate. More importantly, you will be in a better position to establish what your tax and NIC liabilities are from the outset, which will enable you to…

Subsistence benchmarks

It has almost been 3 months since the start of the 2016/17 tax year. Contractors who are eligible to claim subsistence (e.g. those who are working in temporary workplaces for less than 24 months and outside of IR35) have been able to further reduce their administrative work by utilising HMRC Benchmark Rates. From 6 April…

Completed your self-assessment tax return – what next?

Time to plan ahead For everyone who has filed their self-assessment tax return on time, now is the best time to plan ahead before the 2015/2016 tax year, which commences in a couple of months’ time.* Please refer to our previous blog posts for some useful information on the changes after 5 April 2016. We regularly post articles…