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The press trailed it and the freelancing sector feared it, but it is now clear that the Government intends to amend the IR35 legislation so that the client or agent is responsible for the tax and NI that apply to 'off-payroll' workers operating through limited companies in the public sector.
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Once again, freelancers were left feeling like the poor relation of the small business community.
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The Chancellor delivered his Budget with a theme of putting the next generation first.
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The Chancellor's Budget speech will take place today (Wednesday, March 16, 2016) at 12.30.
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The freelancer community was showing its concerns that today's Budget (March 16) could hold yet more measures which will impact adversely on the flexible workforce.
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Representative group, the Federation of Small Business has called for the forthcoming Budget to back enterprise, reform business rates and simplify taxes.
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The details of the changes to tax relief for travel and subsistence costs were met with mixed reaction from the freelancer world, as the draft clauses were published in the Finance Bill.
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The threat posed to public services by cuts to contractor expenses has been highlighted in the House of Commons.
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As we all now know, there was little information within the Autumn Statement ‘blue book’ as to how HMRC will respond to the recent consultation on reforming tax reliefs on travel and subsistence expenses or how freelancers or contractors are to be treated following rumours that they could be put on the payroll after a short period on contract.
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Freelancer accountants, Brookson gives their views on the two main points of interest for freelancers in the Autumn Statement.
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