The Loan Charge APPG publishes its damming report into HMRC

The report from the cross party MP group led by Sir Ed Davey is a stinging indictment of HMRC policy in relation to contractors in general and says that the loan charge is a damaging and retrospective raid on that expert group of taxpayers that should be delayed and reviewed, independently.

Spring Statement and IR35 Webinar

On the 13th March WTT held a public webinar to discuss the outcome of the Spring Statement for contractors and explored how IR35 extensions will affect the industry. Joined by guest for the Contractor Co-operative a range of topics and questions were addressed. To listen and view, please see below. Contact the panel: Graham Webber- […]

Where are we now with IR35?

So, the much anticipated consultation document on the extension to the private sector of the off-payroll working rules has been published. The 2017 reforms to the public sector are to form the ‘starting-point’ for the extension to the considerably more diverse private sector even though HMRC themselves regard those rules to have only ‘worked adequately’. […]

HMRC suffer rare defeat on Discovery

Ranga Nelson v The Commissioners for HMRC concerned discovery assessments and penalties for the years 2007/08 to 2012/13. HMRC had issued assessments based on the Appellant’s ‘deliberate’ behaviour in relation to the reporting of trading profit and the apparent shortfall of income compared with expenditure.

Loan charge, review and options

I have previously acknowledged the work of LCAG in securing the review of the loan charge, now due to be published no later than 30th March 2019. It was a great effort….

Complaining about HMRC – Headway or Headache?

According to the HMRC annual report and accounts of 2017-18, 69% of individuals, small businesses and agents rated their overall experience with HMRC as positive. This begs the question as to why HMRC received 77,410 new complaints? Of these complaints, HMRC claim that 99% are resolved internally.

New GAAR panel opnions

The government introduced a new General Anti-Abuse Rule (GAAR) in FA 2013 and it applies with effect from 17 July 2013. The primary objective of the GAAR is to deter taxpayers from entering into abusive arrangements and to counteract any tax advantage the abusive arrangements would otherwise achieve. GAAR comes into force when the arrangements […]

Lords Economic Affairs Committee report into The Powers of HMRC: Treating Taxpayers Fairly

Following an extensive evidence gathering exercise, their Lordships have published the latest in a series of reports into the current Finance Bill and its predecessors. This, the fourth report of the session, is particularly damning of Government policy and HMRC’s delivery of it, in dealing with the treatment of taxpayers accused of tax avoidance. Whilst […]

Voicing the 99%

“We are the 99%”, a political slogan used by the Occupy movement, refers to the concentration of income and wealth amongst the top 1% of population. It also reflects an opinion that the “99%” are paying a price for the choices of a small minority of the 1%.  Following another leak from an offshore law […]

Are all contractors equal?

Last Thursday the National Audit Office released their report into the BBC’s engagement with personal service companies (PSC’s). Given that on the same day the Government published the final Brexit Agreement that prompted several Ministerial resignations, it may be that this report largely went unnoticed. It is however worth devoting some time to reading because it gives […]