Tax avoidance and tax evasion: what’s the difference?

It seems that not a week goes by without some tax furore hitting the headlines. Most recently, the spotlight has been thrust on the much-loved celebrity and general do-gooder, Gary Barlow of Take That fame, but for all the wrong reasons. With the enduring controversy over multinational corporations like Amazon, Starbucks and Google dodging taxes,…

Does self-employment mask deeper problems within the UK job market?

The debate on self-employment has reared its head once more. With the numbers of self-employed workers in the UK rapidly increasing, there has been much speculation over whether this increase should be attributed to a surge in entrepreneurialism or a dissatisfaction with and desperation over the availability of suitable jobs. The latest research from the…

Government workers compliant with PAYE rules

94% of contractors in the public sector are compliant with new PAYE rules clamping down on illegal use of Personal Service Companies (PSCs). A review of governmental departments has found that only 6% of contractors were found not to be compliant with the Treasury’s new PAYE rules and will subsequently face investigation by HMRC. The…

2014 Budget breakdown

The Chancellor of the Exchequer’s 2014 Budget given on 19th March, included changes to savings, pensions and economic projections. PCG said that the budget backed business with ‘a nod to the self-employed’. Commenting on the budget announcement, PCG’s Director of Policy and Public Affairs, Simon McVicker, said: “Independent professionals offer the flexible access to specialist…

HMRC employment allowance

HMRC has announced that employers can decrease the NICs they pay for their workers. From the beginning of the new tax year, 6th April 2014, employers will be able to claim Employment Allowance. Employment Allowance can save employers up to £2000 on National Insurance Contributions. In addition, those employers that pay less than £2000 per…

What is IR35?

IR35 refers to The Intermediaries legislation which was introduced in 2000. The purpose of IR35 is to help combat the avoidance of income tax and National Insurance payments for individuals using Personal Service Companies (PSCs). Individuals working through such intermediaries would otherwise have been regarded as employees of the client, with regards to tax and…