Up close and Parasol

By guest blogger Neil Armitage (Operations Finance Manager) It wasn’t exactly party poppers and champagne but I’m pleased to report that our payroll year end has been carried out successfully so there should be no hangovers for any of our … Continue reading →

Rob Crossland, Chief Executive of Parasol, said: “First of all, the OTS is to be commended on the shear amount of detail and information they have included in their review of IR35, however it has always been clear that there … Continue reading →

In response to today’s budget, Rob Crossland, CEO of Parasol, said: “Today’s budget does hold a number of positives for both umbrella and limited company contractors alike.

According to Contractor UK, merging income tax and National Insurance – a move freshly recommended to make IR35 obsolete – is expected to be announced by George Osborne this week in the 2011 Budget.

According to an article published by Contractor Calculator, UK contractors are now working in one of the highest taxed countries in the world, despite such punishing tax rates raising less revenue than lower rates would. That’s according to a new … Continue reading →

The length of time a freelancer spends on a work placement does not necessarily offer additional insight into their IR35 status, one expert has claimed.

The Recruitment and Employment Confederation (REC) has joined the small business consultative committee at the Office of Tax Simplification (OTS).

HM Revenue & Customs (HMRC) should better apply its resources and expertise to launch IR35 investigations against individuals who have genuinely avoided tax, it has been suggested.

The Office for Tax Simplification (OTS) could be set to publish the initial findings of its IR35 review in the coming weeks, contractors have been told.

A freelance engineer has been cleared of using his limited company for tax avoidance purposes, it has been reported.