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Newsletter 456: New problems ahead with dividends allowance and IR35

by Newsletter Editor at 10:20 27/08/15 ( Shout99 Newsletter)

As HM Revenue and Customs reveal more details about the new dividend allowance, there are concerns that it will be a tax rise 'by the back door'.

The announcement in the Summer Budget made it appear that the £5,000 dividend allowance would be tax free, but the detailed information shows that it will sit inside the tax bands. New dividend allowance is tax rise ‘by the back door’ HMRC's factsheet on new dividend treatments ...and the agency sector, has said that the recent proposals for an IR35 Mark 2, could have a devastating effect on the recruitment sector which services the professional, contractor market place. The trade body, APSCo, is concerned that the increased responsibility placed on the end client or the recruiter by these proposals would result in everyone erring on the side of caution rather than taking a legitimate risk. IR35 proposals would be a disaster for the contractor recruitment sector ****************************************************** Advertisement - Protection against IR35 investigations (FO35) ****************************************************** Advertisement Protection against disputes with HMRC on tax matters, including IR35, is available for £116.00 a year. Freelancers Outside IR35 (FO35) is a complete operating system for small businesses with guidance on compliance; draft contracts; a helpline; status assessments; and representation by Qdos Consulting in the event of a dispute with the Revenue on tax; VAT; or IR35 issues. FO35 is available online for immediate cover for £116.00 a year. For more information or to order, see...... Freelancers Outside IR35 ********* More news ********* Teachers opting for flexibility over permanent roles Self-employed react to latest inflation figures Government needs to unlock potential investment Self-employment body concerned over latest employment figures Pensions Regulator calls on small firms to act now HMRC wins Accelerated Payments Challenge Ask An Expert, our expert panel answers questions from freelancers, including pensions. Letters from Freelancers opens up discussions on a number of subjects of interest to freelancers, including unexpected questions from an agent. The Clubhouse is an area for 'off-topic' discussions. ******** Twitter ******** For the twitters and tweeters among our readers, you can follow Shout99's headline news on Twitter. ************************ Shout99 - Newsletter ************************ Please forward this newsletter to any other freelancer or small businesses who may be interested in news and information related to running a small business. You can subscribe to receive your own free copy of this newsletter on the home page of Shout99. Susie Hughes, Editor Newsletter 456 Shout99 - the network for freelancers Tweet

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