by ClearwaysAccountants | Sep 11, 2019 | Contractor, IR35
The Key IR35 Tests IR35 is an ever evolving subject… Regular readers will know that we have written articles on the key tests of IR35 before. As a reminder the three key tests as determined by the courts are: 1. The right to send a substitute; 2. Control over...
by ClearwaysAccountants | Aug 28, 2019 | Contractor, IR35
IR35 is changing, but not much! There are changes coming to IR35 and these changes mirror the changes made in the public sector a couple of years ago. So what are these changes? The legislation is in draft form and is included in the Finance Bill 2019 that was...
by ClearwaysAccountants | May 22, 2019 | Contractor, Pay, Expenses & Benefits
Directors and employees that travel extensively overseas should be used to using the standard subsistence rates as set out by HMRC. There rates can be paid to directors and employees with no benefit in kind and no reporting in the P11D; making paperwork much simpler....
by ClearwaysAccountants | May 22, 2019 | Contractor, VAT
Making Tax Digital (MTD) for VAT has now started for those that fall within the new rules. Just because you are registered for VAT does NOT mean MTD for VAT applies to you. If you are voluntarily registered then you can continue to file your returns in the usual...
by ClearwaysAccountants | Nov 1, 2018 | Budgets and Autumn statements, Contractor, IR35
Budget 2018 – CONTRACTORS DON’T PANIC! There has been substantial press coverage on the changes to IR35 as previewed in the Budget 2018. The change is not to be legislated until Finance Act 2019 so the details are not confirmed but here at Clearways...
by ClearwaysAccountants | Nov 1, 2018 | Budgets and Autumn statements, Contractor
Other key changes in the Budget The personal allowance will be £12,500 and the basic rate band will be £37,500. A total income of £50,000 before paying higher rate tax (and also losing child benefit) so a very high marginal tax rate if you have children. Other...
by ClearwaysAccountants | Oct 17, 2018 | Contractor, IR35
In June 2018, the Pimlico Plumbers case reached the Supreme Court and the claimant, Gary Smith was determined to be a “worker” and not self-employed and therefore he was entitled to the protections worker status provides. The facts of the case… Gary...
by ClearwaysAccountants | Oct 3, 2018 | Business tax, Contractor, VAT
Clearways Accountants has taken part in a survey undertaken by the ICAEW (Institute of Chartered Accountants in England and Wales) which gathered member’s views on the VAT registration threshold. Readers may not be aware but HMRC are reviewing the impact of the...
by ClearwaysAccountants | Sep 19, 2018 | Business tax, Contractor, Setting up a Business, Small business advice
Setting up a new business – some things to think about Starting your own business is exciting and there are many things to think about. If you are planning to trade as a limited company here are a few pointers before you get going Are you sure limited company...
by ClearwaysAccountants | Aug 8, 2018 | Contractor, IR35
An IT contractor was working for the Department of Work and Pensions (DWP) on the rollout of universal credit. Ian Wells was a business analyst with the contract between his company, Jensal Software Ltd, and the DWP running from May 2012 to April 2013. HMRC assessed...
