ICAEW suggests changes to offsetting off-payroll working rules
[ad_1] A single determination of tax and NIC would simplify the offsetting process. The deemed employer should have the right to appeal against a determination. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add […]
Off-payroll working (IR35): offsets of tax and NIC
[ad_1] Consultation on draft legislation and guidance for offsetting tax and NIC when an employment status determination is changed to ‘employed’. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as […]
Off-payroll working and umbrella companies good practice
[ad_1] HMRC has published guidelines to help organisations and contractors involved in off-payroll working (OPW) / IR35 understand what HMRC considers good practice. HMRC has developed and updated three sets of guidance to help people involved in OPW/IR35 understand what HMRC considers good practice. The three sets of guidance are aimed at end clients, recruitment […]
ICAEW welcomes off-payroll working set-off proposals
[ad_1] HMRC’s consultation proposes offsetting taxes overpaid by different parties in the labour chain when an off-payroll working employment status determination has been corrected. ICAEW’s Tax Faculty welcomes the proposals in HMRC’s consultation to allow HMRC to account for taxes already paid by an individual and/or their intermediary (eg, personal service company) when calculating a deemed […]