New consultation on IR35 rules

HMRC announces consultation on extending the ‘off payroll working’ rules to the private sector.  The government reformed the off-payroll working rules (known as IR35) for engagements in the public sector in April 2017. The Autumn Budget Report 2017 states that early...

Simplification of tax administration

Could a points-based system be on the cards? On 1 December 2017 we are expecting the release of HMRC’s consultation findings on late submission and late payment sanctions. The release is expected to include the issue of alignment of penalty interest and late payment...

NIC for self-employed to rise

Changes aim to align national insurance contributions and income tax. One of the significant features of the Budget is the changes for the self-employed. The nod to national assurance alignment and increases in national insurance contributions (NIC) will be...

VAT thresholds – and other changes

Increases could delay VAT registration for 4,000 small business. From 1 April 2017 the VAT registration threshold will increase from £83,000 to £85,000 and the deregistration threshold from £81,000 to £83,000, in line with inflation. Also, the registration and...
Whitefield Tax - Isle of Wight Accountants - IR35 specialists
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