 |
|
|
Compare Business Insurance Quotes Need business insurance? Not sure where to go? Compare business insurance prices online in minutes with Coverzones.com. Compare Quotes |
IR35 - FSB calls for business tax overhaul |   |
A commitment to overhaul the tax system for small businesses, including the abolition of IR35, should be a priority for politicians in the run-up to the next election, according to the FSB.
Tax emerged as the main concern voiced by small business owners when they were asked about election issues by the FSB, a lobby group with 185,000 members. Complaints mostly focused on disproportionate penalties for late returns and "draconian" tax inspections.
It also called for the abolition of the IR35 legislation, which was introduced in 1999 in an effort to clamp down on freelancers providing their services through a company or partnership as a mean of avoiding tax. Many small consultancies view this legislation as complex and unfair.
Read the full story in the Financial Times.
Posted February 15, 2005
- Want more contracting info? Try our dedicated IT Contractor site - Contract Eye
- Looking for a Freelancer Accountant? - Try AccountsNet CA
- Fixed fee accounting for IT Contractors - £95/month from SJD Accountancy
- You can set up a Limited Company online right away via our partner - Duport
- Expert Guides and Quotations for IT Contractor Mortgages and Pensions
- Essential IT Contractor Insurance - Try Hiscox
[September 9, 2008] In a landmark court ruling last week, a professional contractor lost his IR35 appeal in the High Court. The judgement shows, once again, how important it is for self employed people to be aware of the IR35 rules and to take professional tax advice.
[June 23, 2008] HMRC has published an updated employment status leaflet which aims to help people decide if they are "employed" or "self employed" - as this will determine how much tax and NI contributions they pay.
[November 1, 2007] Some high level pointers to whether you are deemed to be "employed" or "self employed" according to the IR35 tax rules
[September 12, 2007] IR35 tax overview which may impact small business owners and IT contractors, particularly 'one man bands' working on client sites.
[February 28, 2006] The difference in the tax treatment of contractors whose work falls inside and outside the IR35 rules.
[February 18, 2006] A listing of all the key Inland Revenue IR35-related documents, including IR35 FAQ's and where to find help if you are concerned about the effect IR35 may have on your small business.
[January 4, 2006] The key to determining if you are caught by the IR35 rules - are you deemed to be "employed" (and therefore within IR35), or "self-employed" (and therefore outside the rules).
[November 16, 2005] The Professional Contractors Group is pressing the Government for details of the cost and efficiency of IR35 investigations after figures revealed a "success" rate of less than 1 per cent for HMRC.
[February 15, 2005] A commitment to overhaul the tax system for small businesses, including the abolition of IR35, should be a priority for politicians in the run-up to the next election, according to the FSB.
[January 3, 2005] Taxes on small businesses, including IR35, could be cut by more than £500 million a year under proposals being published today by the Tories, according to a report in The Telegraph
[September 3, 2004] A discussion paper released by the Chartered Institute of Taxation and Tax Faculty states that the IR35 rules are 'fundamentally flawed' and that the IR35 legislation should be replaced with a much clearer system for determining employment status.
[August 19, 2004] A clampdown by the Inland Revenue on the tax treatment of subcontractors in the construction industry will be repeated next April in an effort to recoup £120m in lost tax revenues, reports AccountingAge.
[July 14, 2004] The IR591 tax is aimed at increasing corporation tax on owner-operators of UK-based limited companies who derive most of their income from dividends.
[July 7, 2004] New research into IR35 suggests the ever-changing taxation system has had a detrimental effect on business.
| IT Contractor Partners |
|
Hiscox Office Insurance Instant Online Quotation |
|
Contractor Accountants AccountsNet CA |
|
Limited or Umbrella Co.? Ask Danbro today |
| MORE THAN Business 10% off PI Insurance |
|
Free Day-to-Day Banking Abbey - 0800 085 3099 |
| Key Services |
|
Fixed Fee Accounting Award winning service |
|
£20 Free Postage & 30 Day No Ties Trial |
|
Virtual Office Service For full details click here. |
| Cashflow Problems? Try Invoice Financing |
|
Phone and Broadband Great deals for business |
| Contract Eye Site |
IT Contractor Insurance - Essential cover from Hiscox
IT Contractor Mortgages - Expert, specialist mortgage advice and quotation.
Business Plans :: Start A Business :: IR35 :: Business News :: Sole Trader :: Company Formation :: Public Liability Insurance :: Start Up Guide
Professional Indemnity Insurance :: Business Bank Accounts :: Limited Company :: Business Insurance :: IT Contractors :: Tax Rates :: VAT :: Self Employed
©Bytestart Limited 2005-2008 :: All Rights Reserved :: 'The Small Business & Start-Up Portal' :: Terms of Use :: Site List :: RSS & Site Feeds
Business Insurance, Business Bank Accounts, Public Liability Insurance, Professional Indemnity, Startups, Limited Company, Sole Trader
