The Apprenticeship Levy One of the many changes that will come into effect in April 2017 is the Apprenticeship Levy, which has been somewhat overshadowed by the off-payroll reform in the public sector. This new levy will affect both the public and private sector with payments starting from May 2017. The government has pledged to…
Here at Cloud9 Umbrella, we understand that there is more to life than just contracting. That is why we are launching ‘Kingsley Hamilton Lifestyle’ – an exclusive rewards scheme for our clients. The rewards scheme is our way of adding value to the services we provide to you whilst also helping you to achieve a…
Last Friday (3 February), HMRC published further guidance regarding off-payroll working in the public sector from 6 April. The update provided clarification that the responsibility of determining the IR35 status of a Personal Service Company (PSC) worker would lie solely with the hiring Public Authority. If the Public Authority determines the PSC worker to be inside…
It’s one of the biggest topics of conversation within the industry, creating a massive stir for contractors and steadfast decisions from end clients. The off-payroll working in the public sector reform is about to cause more waves this year and we will look at the effect this will have on all those involved. We are…
HMRC’s IR35 reform is putting pressure on a multitude of public sector companies including Travel for London. TfL has been the first to react to the Public Sector reform by implementing a complete ban on contractors working through their own limited company. They decided to tackle the issue of non-compliancy by sending out a memo…
Thinking of changing jobs? Then you may be one of the 59% who are considering moving jobs in 2017, according to a report conducted by Investors in People. The report conveys one of the key reasons of moving jobs as pay, yet around a third of respondents stated they would prefer flexible working to a…
It has been a turbulent year for contractors, especially those who work within the public sector and have been hit by the introduction of the “off-payroll” reforms in April. Now a storm of risky umbrella firms are luring temporary workers with promises of higher take-home retentions in a bid to sidestep the tax crackdown that’s…
Since the public sector reform in April 2017, we are still asked frequently by public sector contractors if they should continue using their own limited company or switch to an umbrella. The answer very much depends on each individual’s circumstances thus we would strongly encourage contractors to speak to us for tailored advice. Nonetheless, we…
The 2019 Loan Charge is HMRC’s next step in their crackdown on tax avoidance. They aim to recover unpaid taxes they deem to be owed by thousands of contractors who have used a disguised remuneration scheme. HMRC will be looking to collect payment for retrospective taxes from any individual who has used a disguised remuneration…
The outlook of the job market in 2018 continues to look promising for contractors. Vacancies, billings and pay rates remain encouraging, persistently growing throughout December and into the New Year. According to recruitment agencies surveyed for the REC/IHS Markit Report on Jobs, the introduction of new projects and a greater demand for short-term workers contributed…
On 29th October 2018, Philip Hammond finally delivered the highly anticipated Autumn Budget 2018. After much speculation, it has been confirmed that IR35 reform will be extended to the private sector. Despite fears that the reform would be introduced in April 2019, the Chancellor of the Exchequer said the changes would not be implemented until April 2020.…
Aside from IR35 being extended to the private sector in April 2020, what other changes were revealed for contractors in the Budget 2018 report? From Entrepreneur’s Relief reform and VAT registration frozen thresholds to Personal Allowance and Higher Rate Thresholds. We’ve done a quick summary of what’s most important for contractors. Entrepreneurs’ Relief reform…