Month: April 2016

What do the travel and subsistence changes mean for… Legal and Financial contractors

April 14, 2016 @ 3:15 pm by Damian Broughton MBE

Changes to travel and subsistence claims introduced by the Government in the Budget came into force on April 6 this year. These changes have been hotly debated but have serious implications for contractors and limited companies (PSCs) alike.

In a new series of blogs we will provide examples of workers in key sectors to help understand how the new rules will affect you. In this blog, we look at how temporary workers in the legal, banking and financial sectors are going to be affected by the crackdown on claiming tax relief …Read More

Travel and subsistence changes for contractors – what do they mean?

April 6, 2016 @ 3:32 pm by Damian Broughton MBE

There has been a wealth of discussion about the impact of changes to travel and subsistence expenses for contractors. From April 6, 2016 certain temporary workers can no longer claim tax relief or disregard National Insurance contributions (NICs) on the travel and subsistence expenses they incur on an ordinary commute from home-to-work.

These new regulations will affect workers employed through an employment intermediary, such as an umbrella company (a company employing workers and supplying them to business), a personal service company (PSC) or a recruitment agency/employment business.

Here we outline exactly what …Read More