blog header image

Posted : 11 Jun 2020 at 09:25:57
Category: Important Announcement

Share this article

Dave Chaplin of Contractor Calculator writes the following article on the Institute of Chartered Accountants in England and Wales(ICAEW) stance on urging Government not to use the Finance Bill 2019-21 to introduce the draconian Off-Payroll Tax to the private sector.

 

The organisation’s Tax Faculty argues that the delay provides an opportunity for the Government to reflect on the detail of the measures and to conduct a comprehensive review into the taxation of the self-employed.

The Tax Faculty’s recommendations echo the sentiments of the recent House of Lords Finance Bill Sub-Committee report, which offered a scathing review of the Off-Payroll Tax before calling for an overhaul of the self-employed taxation system.

Despite the March 2020 announcement of a 12-month delay to the legislation due to the coronavirus outbreak, Government recently signalled its intent to avoid any further postponement by including the proposals in the second reading of the Finance Bill in April.

To read more click to Dave's website.

SIMILAR NEWS

blog header image
IMPORTANT ANNOUNCEMENT
THE GOVERNMENT LAUNCHES £2 BILLION FUND CALLED KICKSTART SCHEME

The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds. The government has introduced a new Kickstart Scheme in Great Britain, a £2 billion fun ...

blog header image
IMPORTANT ANNOUNCEMENT
ROCKY ROAD AHEAD FOR VANS REDEFINED AS CARS

If modified crew-cab vehicles should now be treated as cars for benefit in kind purposes, what does this mean for input VAT and capital allowances? Helen Thornley investigates the wider tax implicatio ...

blog header image
IMPORTANT ANNOUNCEMENT
CLOCK IS TICKING TO REPAY CORONAVIRUS GRANTS

Self-employed individuals, and employers, have 90 days to inform HMRC that they have over-claimed the SEISS or CJRS grants and repay any excess before penalties apply.  Any incorrect CJRS gr ...

blog header image
IMPORTANT ANNOUNCEMENT
TAX CREDITS DEADLINE: CUSTOMERS AT RISK OF LOSING OUT

Customers whose circumstances have changed in the last year or who have received a letter to reconfirm their income details must contact HMRC before 31 July. Tax credits customers only have until 31 J ...

blog header image
IMPORTANT ANNOUNCEMENT
OFF-PAYROLL APRIL 2021 PRIVATE SECTOR ROLLOUT NOW A CERTAINTY

David Chaplin of Contractor Calculator reported last night the following after the four-year loss against Off-Payroll Rules due to come in as of April 2021. David wrote; The April 2021 rollout of the ...

blog header image
IMPORTANT ANNOUNCEMENT
CITB AGREES TO CUT LEVY BILLS BY 25% FOR TWO YEARS

CITB has revealed plans to cut levy bills by 25% over the next two years and give cash-strapped contractors more time to pay. Employers will continue to have a payment holiday on the levy until S ...

business-directory Business Directory
smartbusinessdirectory Payroll Services Business Directory
truebusinessdirectory payroll-services Directory
payroll-services Directory