News

IR35, CEST & The 2018 Autumn Budget

October 25 2018 @ 10:39 am by Sam Wright

Monday’s Autumn Budget will be the Government’s first official opportunity to respond to the recent consultation on off-payroll working in the private sector. Current discussion appears to revolve more around when the changes will come into force, rather than what the potential changes may be. What are the government’s off-payroll, budget plans? Rumours are rife […]…

Celebrating 70 Years of the International Credit Union Day

October 18 2018 @ 10:00 am by Sam Wright

Today marks the 70th annual International Credit Union (ICU) Day, celebrating the spirit and endeavour of the global credit union movement. The event serves to recognise the history of credit unions, encourage the virtues of saving and responsible lending, and give union members around the world the opportunity to come together and share their insights […]…

Happy Birthday to the Criminal Finances Act!

October 08 2018 @ 2:00 pm by Sam Wright

…and how recruitment agencies can remain on the right side of the law. The Criminal Finances Act (CFA) was introduced in 2017 to clamp down on businesses which failed to prevent the practice of tax evasion within their organisation – and this week marks the start of the legislation’s second year. Tax evasion, and aiding […]…

The Importance of Being Punctual: SATR Deadline Looms

October 01 2018 @ 11:00 am by Sam Wright

The first deadline of the current tax year is fast approaching. If it’s your business’s second tax year and you’re registering for Self-Assessment, you must do so by this Friday, October 5th, or face a potential financial penalty. Here are some quick to-dos for Self-Assessment registration, whatever your circumstances.   If you’re registering as a […]…

Loan Charge Legislation, Disguised Remuneration, and How to Beat That Deadline

September 27 2018 @ 1:23 pm by Sam Wright

Earlier this summer, The Times reported that almost 21,000 contractors had told HMRC that they’d allowed their finances to be managed by ‘offshore-based, disguised remuneration schemes’. Trusts and third parties collected wages on their behalf before paying them in ‘non-repayable loans’, which concealed things like National Insurance contributions (NICs) and Income Tax liabilities. The self-employed […]…

Deadline Looming for Childcare Voucher Schemes

September 25 2018 @ 12:15 pm by Sam Wright

Parents, the deadline is fast approaching; from Thursday 4th October 2018, Childcare Voucher Schemes will close to all new entrants. Instead, the Government is offering ‘Tax Free Childcare’, giving eligible parents an extra £2 for every £8 they pay in childcare. As you may have seen back in March, the initial deadline of April 6th […]…

Danbro Achieves Full FCSA Accreditation

September 03 2018 @ 2:00 pm by Natalie Friel

Following a stringent audit process carried out by independent assessor, Ernst and Young, against the FCSA Code of Compliance, Danbro continue to demonstrate their leading focus on industry standards by sailing through the steps to become an Accredited Member of The FCSA (Freelancer and Contractor Services Association).   The FCSA is the UK’s leading professional […]…

Unite ‘misinterpreted’ claim of umbrella company ban says Balfour Beatty

August 29 2018 @ 1:40 pm by Natalie Friel

Recent report of a North West ban on umbrella companies agreed by Balfour Beatty has been clarified according to Construction Manager Magazine. According to the article, Balfour Beatty said the news was based on a “misinterpretation” though agreed that the issue had been under discussion. The company said, “Balfour Beatty Mott MacDonald regularly talk to […]…

HMRC Open IR35 Consultation

May 22 2018 @ 3:10 pm by Sam Wright

The much anticipated consultation into IR35 has been released, detailing the government’s proposed changes in order to tackle non-compliance in the private sector. Unsurprisingly, at the top of HMRC’s list of proposed changes is an extension of the public sector reform to the private sector, although alternatives have been presented including encouraging businesses to secure […]…

FCSA Survey Suggests Legal Challenges to IR35 Reforms Inevitable

May 03 2018 @ 3:15 pm by Sam Wright

Many will have wondered why HMRC have ‘gone quiet’ regarding the possible extension of the IR35 changes that affected the public sector last year, to the private sector. Admittedly, all government departments have had a substantial amount of time taken up with Brexit issues, but a recent survey conducted by the FCSA – an independent […]…
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