THE PROBLEMS WITH HMRC’S CEST TOOL

The UK Government’s IR35 tool can’t return a result nearly 20% of the time, according to a leading contractor news source. Contractor Weekly reports that figures have revealed that HMRC’s IR35 tool – Check Employment Status for Tax (CEST) – was unable to deliver a determination for nearly 1 in...

“PERFECT STORM” RISK FOR 1.3M SELF-EMPLOYED

More than one million self-employed people could face a “perfect storm” if they don’t file tax returns early, experts have warned. A report by Contractor Weekly quotes a new survey which has warned tax bills could spiral if the self-employed defer payments. Burden The COVID-19 pandemic has placed the UK’s...

UK TREASURY UNDER FIRE OVER £740M LOSS CLAIM

The UK Treasury says delaying IR35 reforms meant it forfeited £740 million. However, this claim has been questioned by experts, according to a report by Contractor UK. The changes were due to come into force in April, but were delayed due to the COVID-19 pandemic. Chancellor Rishi Sunak, in his...