just read an article about the upcoming changes for Personal Service Companies (one man limited service companies such as IT contractors) to be announced in the March Budget.
A worrying inclusion (if it goes ahead) is that home office to temporary workplace even within the 24 month / 40% rules will no longer be classified as an allowable expense with all temporary workplaces for PSC's being deemed permanent places of work (so that would be subsistence/accomodation as well as travel that ceases to be allowable).
I fear another IR35 size nail in the coffin of having a flexible UK workforce.
I am left wondering why it is those who can easily take a tube into work who get to set stupid business destroying rules for those who might need to work several hundred miles from their home.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
anyway, yep thats the one. Aweb sent it in todays news update.
Seems that as usual the government are to tar contractors working through PSC's who do not use brollie companies exactly the same as those that do use brollies.
p.s. Oops, just read your other reply to Jo detailing exactly where you have been.... Glad to hear your on the mend even if still feeling under the weather during fun filled January.
-- Edited by Shamus on Monday 12th of January 2015 02:15:47 PM
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
And us you. I think that Jo was talking about arranging a search party.... Or it might have just been a party... lol.
Seems that everyone's busy this January and that has to be a good sign... Just worrying that the Government keeps playing a game of Kerplunk with IT contractors which if they are pushed over the edge thats a lot of my client base that would disappear.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I actually got the impression that this was geared at agency/umbrella companies, using certain contracts. But I literally scanne it, and haven't had time to read it in depth yet, to be honest!
I've only read that rather than anything official but my reading is that its aimed at all PSC's with the cause being misuse of the rules by brollies... Why am I left here remembering tax evasion being patched onto anti terrorist legislation (MLR).
Hope that I'm wrong but I think that if they bring this in it will be applied with a very wide brush.
p.s. All parties have to have Cake... Which pretty much guarantee's that as our resident pusher of sugary delights Jo get's a standing invite to all parties. Tut, must be quite downheartening to find that your only on the guest list for your buns...
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
The link to the HMRC guidance mentions OAC's a lot, so I figured it was specific contracts that would be targeted... am I employed under an OAC by default, as a director? Not up on all that sort of stuff!
