tax – Be Aware UK

Autumn Budget 2024 – Umbrella Company Tax Reforms

7 November 2024 / budget, NICs, PAYE, tax, umbrella companies / Employment

Background As announced by the Chancellor of the Exchequer, Rachel Reeves, in the Autumn Budget 2024, the government will be introducing new legislation, from April 2026, to combat non-compliance in the umbrella company market. Umbrella companies are employment intermediaries who employ temporary workers on behalf of agencies and/or end clients. The workers’ services will ultimately […]

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Tax Alert: Repeal of IR35 Reforms

27 September 2022 / employment status, IR35, tax / Employment

In delivering his mini-budget on 23 September 2022, the Chancellor announced a wide-ranging series of tax cuts and reforms, with a focus on incentivisation, investment and making Great Britain more competitive on the global stage. In a significant (and unexpected) U-turn, it was also announced that the reforms made to the IR35 off payroll working

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UK mini-budget 2022

23 September 2022 / budget, IR35, off-payroll working, tax / Tax

In delivering his mini-budget 2022 (referred to by the government as its “Growth Plan”), the Chancellor has announced a wide ranging series of tax cuts and reforms, with a focus on incentivisation, investment and making Great Britain more competitive on the global stage. Key employment and pensions related announcements include the following: IR35 In a

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UK redundancy-related payments: Common areas of tax difficulty and risk

16 September 2020 / coronavirus, COVID-19, redundancy, redundancy payment, tax, termination of employment / Employment

COVID-19 has already had a profound impact on many organisations and across a wide variety of sectors. As a consequence, it is inevitable that many organisations will be examining their current workforce populations, seeking to restructure their business operations for a post-COVID-19 world and some will be considering closing down parts of their business operations

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IR35 reforms: Updated draft legislation published

3 June 2020 / IR35, off-payroll working, tax / Employment

On 18 May 2020, the Government published an updated version of the draft legislation implementing the proposed reforms to the private sector off-payroll working regime. Originally such reforms were intended to be implemented with effect from 6 April 2020 however, due to the impact of the coronavirus outbreak, the implementation of the reforms has been

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HMRC ‘s proposals to reform off-payroll working in the private sector will have significant impact for businesses

22 March 2019 / off-payroll, personal service company, tax, worker status / Employment

Private sector organisations who engage the service of individuals off-payroll are likely to already be aware of the private sector off-payroll working rules, commonly known as the IR35 regime. The IR35 regime applies where an individual provides their services (directly or indirectly) through a personal service company (a “PSC”) to another person or entity (an

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