Festive and Annual Event Expenses – FAQs for Contractors and Freelancers

As we are now just a month away before the holiday season starts, our experts answer the most commonly asked questions about festive and annual event expenses: Q. Can my limited company claim festive or annual party as deductible expenses for corporation tax purposes? A. Yes. The cost of entertaining your employees, as long as…

IPSE’s Autumn Statement Predictions

Simon McVicker, Director of Policy and Public Affairs: This Autumn Statement promises to be the defining moment for the new May Government. Chancellor Philip Hammond will have to outline his vision for the UK economy post Brexit. Intrinsically Philip Hammond is considered a more fiscal conservative than it seems Mrs May is after her interventionist…

HMRC Intermediary Reporting Deadline is 5th November

Guest post by Cloud9 Umbrella: Winter is coming, and so is another HMRC deadline. The government introduced the Onshore Employment Intermediaries legislation in April 2014 to stop the use of false self-employment models where workers and employers may be avoiding paying tax and where the employer also avoids their other employment responsibilities. For the period…

HMRC opens IR35 investigation into over 100 BBC presenters

HMRC have opened an enquiry into over 100 BBC presenters who are currently, or have previously been paid through their own Personal Service Companies (PSC). This was revealed in a tribunal ruling involving BBC presenters Joanna Gosling and Tim Willcox, and HMRC. The BBC have revealed that the case relates to whether Willcox and Gosling…

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…

More and more UK millennial graduates are becoming contractors – find out why!

The number of contractors and freelancers in the United Kingdom is on the rise and according to IPSE, there are now over 1.9 million flexible workers in the UK. This figure has increased tremendously since 2008, by a staggering 36 per cent. So it doesn’t come as a surprise that the number of graduates turning…