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Shout99 - the network for freelancers
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Latest figures from the Office for National Statistics (ONS) show more people are moving to self-employment as their preferred choice of work.
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New research suggesting that 45 per cent of freelancers are not saving into a pension has prompted renewed calls for political parties to tackle the issue in their manifestos ahead of the next election.
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Ongoing uncertainty around the economic outlook and more cautious hiring policies resulted in an upward trend for employers to turn to the temporary worker and contractor market.
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The Government has suggested that if it was to end the ‘double-taxation’ of IR35, the intention is that these measures would come into effect in April 2024.
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The Government announced a package of technical tax policy proposals on 27 April 2023 that is aimed at supporting its ambition to simplify and modernise the tax system, tackle non-compliance, make the tax system fairer for taxpayers and to make the customs system work better for traders.
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With IR35 in the news again, agency representative group, the Association of Professional Staffing Companies, (APSCo) has reiterated its calls for changes to off payroll rules (IR35), including the need to introduce an offset mechanism to ensure double taxation isn’t unfairly impacting staffing firms.
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The host of 'This Morning', Eamonn Holmes faces a reported £250,000 tax bill after the Upper Tribunal ruled he was caught by IR35.
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Former England international and Match of the Day presenter, Gary Lineker has won a multi-million pound claim from HMRC, after a tax tribunal ruled that IR35 didn't apply in his case.
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Representative group, IPSE has given its views on some of the measures in the Spring Budget which will affect freelancers and the self employed.
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Budget proposals to change pension allowances to encourage early retirees back into work could benefit older contractors thinking of returning to the work-place.
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