by ClearwaysAccountants | Mar 12, 2020 | Budgets and Autumn statements, Contractor, Self Employment, Small business advice
A new Government and a Budget for a new era. This Budget was a spend, spend, spend budget but it’s hard to see where the money is coming from; some from the changes to entrepreneur’s relief, a large slice from the changes to IR35 and another lump from...
by ClearwaysAccountants | Nov 25, 2019 | Contractor, IR35
The Finance Bill 2019-20 was not passed into law before parliament was dissolved on 6 November 2019. The new rules for IR35 (see below for a recap) are therefore NOT law and so it is you or your accountant who continue to make the IR35 judgement on each contract. The...
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...
