News articles
IT contractor jobs
- Fresh Post January 4 Huge Increases in Travel Costs for Commuters
- Fresh Post November 29 Prime Minister Praises Thriving Freelance Industry
- Fresh Post November 14 Good News for IT Contractors
- Fresh Post April 5 Are engineering, construction contractors job prospects improving?
IT contractor tax
- Fresh Post March 2 HMRC Increase Working From Home Allowance
- Fresh Post February 28 Barclays ordered to repay £500 million in tax
- Fresh Post February 16 Civil Servants' Salaries Paid Direct to Ltd Companies.
- Fresh Post February 10 Contractor Accountant Darren Upton Jailed for Six Years
Contractor Technology
- Fresh Post April 5 Contracting news: Broadband now 'vital'
- Fresh Post April 5 Broadband cost reductions 'will not be felt immediately'
- Fresh Post April 5 Govt renewed commitment to cyber security welcomed
- Fresh Post April 4 Cybercrime risk may be underestimated
Contractor vetting
- Fresh Post October 19 Security Clearance Discrimination
- Fresh Post March 16 Health and safety should still be 'top priority' for contractors
- Fresh Post September 13 IT contractors 'not making the most of their skills'
- Fresh Post September 10 IT suppliers meet with gov't to discuss cuts
IR35
- Fresh Post February 16 Civil Servants' Salaries Paid Direct to Ltd Companies.
- Fresh Post September 26 Dramatic decrease in IR35 Reviews
- Fresh Post March 29 IR35 announcement 'unsurprising'
- Fresh Post March 28 MacIntyre Hudson slams govt's IR35 position
IR35 replacement 'may not please everyone'
Finding a replacement for IR tax legislation that pleases all IT contractors may be an impossible task, it has been claimed.
According to Contractor Calculator, IT contractors can take heart from the fact that new legislation is a top priority for the Office of Tax Simplification (OTS).
However, the difficulty of the challenge is perfectly highlighted by a report the OTS is required to produce for the government.
It must explain why IR35 is too complex and leaves many contractors unsure of their status, as well as considering alternatives that rectify this problem yet continue to defend against tax avoidance, the website notes.
"The OTS faces a potentially insurmountable challenge to find a replacement for IR35 that satisfies each segment of the flexible workforce, as well as end-user clients," said Contractor Calculator chief executive officer Dave Chaplin.
Nizar Manek, a writer at the London School of Economics, recently speculated in a blog published by Reuters that IR35 could be replaced with a General Anti-Avoidance Rule "super law".
According to Contractor Calculator, IT contractors can take heart from the fact that new legislation is a top priority for the Office of Tax Simplification (OTS).
However, the difficulty of the challenge is perfectly highlighted by a report the OTS is required to produce for the government.
It must explain why IR35 is too complex and leaves many contractors unsure of their status, as well as considering alternatives that rectify this problem yet continue to defend against tax avoidance, the website notes.
"The OTS faces a potentially insurmountable challenge to find a replacement for IR35 that satisfies each segment of the flexible workforce, as well as end-user clients," said Contractor Calculator chief executive officer Dave Chaplin.
Nizar Manek, a writer at the London School of Economics, recently speculated in a blog published by Reuters that IR35 could be replaced with a General Anti-Avoidance Rule "super law".
Bookmark this
© 2009 Contractor Collective