tax

UK mini-budget 2022

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

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

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

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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