30/11/2015
NEXT CRITICAL DATE - 9th December
Once this Bill has been announced we will obtain further clarity on the below. But for now...
IR35 changes:
Not immediately under review, it would seem Government have taken note for now! However... I'm sure it wont be long until its being revised for amendments!
Changes to Travel and Subsistence Rules:
The key element of this legislation will be the mechanism used to define the employment status for tax purposes of the individual. If this relies wholly on “supervision, direction, or control”, as put forward in the consultation then we will see some very unwelcome ramifications for the professional recruitment sector!
The Digital TAX Revolution is upon us!
By 2020, most businesses, self-employed people & landlords to keep track of their tax affairs online. HMRC & Government are to roll out "The most advanced online tax system the world has ever seen". Well i'm sure a lot of people are eager to see this based on HMRC's previous attempts (ESI & Online Business Entity Tests)...
For more information on any of this or general advice on managing your finances as a temporary worker/contractor. Contact Lesters today! 0208 735 6370 - [email protected]