Qualified advice preferred option to IR35 probe
Accounting firm Brookson urges qualified advice for every contractor’s assignment to avoid an IR35 probe
Accounting firm Brookson urges qualified advice for every contractor’s assignment to avoid an IR35 probe
Contractors should get qualified advice in writing for each and every one of
their assignments if they want to avoid a IR35 investigation, according to
Martin Hesketh of accountancy firm
Brookson.
He told Contractor UK the appeal of Dragonfly Consulting in High
Court to overturn an order to pay £99,000 in employment taxes under IR35 was
proof enough that contractors needed to be ‘constantly vigilant’ about their
employment status at work.
‘Despite the huge legislative shifts the contracting industry has experienced
in recent times, the IR35 legislation remains key for self employed contractors
in determining employment status,’ Hesketh said.
’With this in mind, we would urge all contractors to ensure they have
obtained robust and documented professional advice for each of their
assignments.’
Further reading:
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleUHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...
View articleIt is hard to argue that the Taxes Management Act 1970 (TMA), wouldn’t benefit from some substantial updating. It came into force back in the mists of...
View articleMorton became Tax Director of the Office of Tax Simplification, an independent office of HM Treasury, in 2017 Read More...
View articleThe Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...
View articleThe Upper Tribunal has rejected an appeal from HMRC in a case relating to the taxation of termination payments made to football player employees of To...
View articleThe revised guidance sets out the circumstances under which trustees need to disclose the identities of beneficiaries to HMRC Read More...
View articleAlthough the concept of a £1,000 tax-free allowance sounds very simple, there are a number of complexities of which taxpayers and advisers need to be ...
View article