News

Govt response to the House of Lords review of Personal Service Companies

The Government today published its response to The House of Lords Select Committee review of Personal Service Companies. The report includes a number of recommendations including that HMRC carry out and publish an assessment of the current Exchequer protection figure – and of the costs that taxpayers incur when dealing with IR35. The government acknowledged […]

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HMRC announce survey for those who have faced IR35 investigation

Contractors who have been under IR35 investigation in the past year will be surveyed by HMRC, as part of a wider plan from the Government to survey all taxpayers who have had their tax affairs scrutinised. The proposed survey is designed to inform the IR35 review run by the IR35 Forum and HMRC. Questionnaires will […]

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HMRC secures record £4.6m minimum wage arrears for underpaid workers

Over £4.6 million in wage arrears has been paid to more than 22,000 workers following a successful year for HMRC’s National Minimum Wage (“NMW”) enforcement teams. New figures show that, in 2013/14, HMRC found arrears in almost half of the 1,455 investigations they carried out which resulted in a recovered average of £205 per worker. […]

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VAT Part 2 : Which VAT scheme to operate?

At JSA we are often asked by contractors operating through their own limited company which VAT scheme they should operate. There are various schemes open to contractors who wish to or have to register their business for VAT, each with their pros and cons. Standard The majority of businesses will operate a standard VAT scheme, […]

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HMRC to axe online-only rule for VAT returns

Following a recent consultation, HM Revenue and Customs has agreed to relax the rule that all VAT returns must be filed online. HMRC will now allow telephone and paper filing, after a court found that the online rule infringed business owners’ human rights. Businesses will be able to file VAT returns over the telephone after […]

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