HMRC has been condemned for abusing its powers after evidence has come to light that the taxman has been sending misleading letters to contractors in an attempt to increase the Off-Payroll legislation’s tax yield. The letter, which is entitled: ‘About using a Personal Service Company (PSC) in the public sector – you need to check your employment status’, begins by
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Under pressure to raise tax revenues, the chancellor introduced IR35 reform in the public sector last year, in what many considered the pilot project for the recently announced private sector changes. Now, with all public sector engagers in charge of setting a contractor’s IR35 status and also liable for any mistakes should HMRC investigate, thousands of contractors have been placed
Continue readingWork has started on 115 towers, also a record. Two of Europe’s tallest residential towers in Canary Wharf are expected to be completed by 2020, but the Shard is expected to remain the tallest building in western Europe, at 310m. London’s tallest towers 310m The Shard 290m 1 Undershaft (the Trellis) (planned) 278m 22 Bishopsgate (under construction) 263m The Diamond
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Construction output in the United Kingdom grew 2.2 percent year-on-year in June 2018, compared to a downwardly revised 1.5 percent gain in May and beating market expectations of a 1.1 percent rise. It was the strongest growth in construction activity since December, as output increased faster for all repair and maintenance (3.1 percent vs 3.0 percent in May), mainly due
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A contractor has defeated HMRC in the second IR35 ruling to emerge in two months. In the case of MDCM Ltd v Revenue & Customs, construction contractor Mark Daniels won his appeal concerning a contract covering tax years 2012/13 to 2013/14. During this time, Daniels’ services were engaged by Structure Tone Limited (STL), via Solutions Recruitment Limited. HMRC argued that
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The Industrial Internet of Things (IIoT) is seeing considerable investments globally, in a bid to tap into its potential to boost productivity on the factory floor by integrating horizontal and vertical supply chains through connected devices. To better support companies with designing and rolling out IIoT technology, PwC has entered into an alliance with GE Digital, whereby the firms will
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IPSE has responded to speeches today (3 October) at the Conservative Party Conference from Chancellor of the Exchequer Philip Hammond MP and Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy. In reaction to the Chancellor’s speech Jordan Marshall, IPSE Policy Development Manager said: “The self-employed will be absolutely fundamental to the UK improving its productivity as
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Better Government policy, simplified regulation and fair tax treatment are some of the benefits that you could enjoy if a Government review into the tax treatment of contractors and flexible workers goes ahead. A closer analysis of the sector has been high on the agenda for contracting stakeholders recently. However, it took a step closer to becoming reality after the
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Savills has acquired GBR Phoenix Beard, a UK-based property consultancy with offices in Birmingham, London and Leeds. The bolt-on adds around 200 professionals to Savills’ UK operations, and creates one of the largest real estate advisory firms in Birmingham and the wider Midlands region. GBR Phoenix Beard is an independent, owner-managed business which support clients with a range of property
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