Last week was a first for Primat Recruitment, pushing boundaries to host a virtual Q&A session for contractors.
Contractors across the country asked questions on
employment tax in a live chat room and panellists Dave Cooper (who’s divided
his 30 years of tax experience between being an Inspector of Taxes and part of
the ‘Big 4’), Brian Ackerley (who’s 20 years of accountancy experience includes
a lengthy stint at the Inland Revenue) and Primat’s Business Assurance Team
Leader Elliot Johnson (the longest serving team member, managing the candidate
care function) shared expert advice in real-time.
Click here to view or print the Q&A session
in full but, for now, check out some highlights below:
In a flash poll, more than half of the attendees admitted
they were fairly concerned about being challenged by HMRC on IR35 matters....
Q: Can you tell me what HMRC's current practical approach to IR35 compliance is?
A: HMRC is piloting an approach
with three key elements, including its Business Entity Tests (to determine
risk), Contract Reviews (to provide an ‘opinion’ on whether in/out of IR35),
and new Compliance approach (using specialist teams for undertaking reviews).
A massive 77% of the event audience weren’t aware of the
details of HMRC’s Business Entity Tests...
Q: If I take the Business Entity Tests, would HMRC be
‘listening in’ or am I obliged to declare the outcome in my accounts or tax
returns?
A: The Business Entity Tests undertaken personally are confidential. You do not have to take them nor inform HMRC
of the results. They’re intended to
indicate your company’s risk of review by HMRC, rather than to definitively
tell you whether or not you are within IR35. Some of the most relevant tests of employment
status (i.e. which have been established by case law as important) are not
included within the Business Entity Tests.
Q: Is it helpful to terminate your contract when you go
on vacation (say for two weeks) and start with a fresh contract after the
vacation?
A: Any break in
providing services under an ongoing relationship would be helpful and could
then be acknowledged by the termination of one contract and the commencement of
a new one. There are, of course, the practicalities
to be considered. Our suggestion would
be to liaise with your Candidate Care Consultant so that any such process can
be handled effectively.
Q: How are cases selected by HMRC for review?
A: There are a
number of ways HMRC can identify potential cases for review, from year end
returns (e.g. Self Assessment, PAYE P35/RTI returns ) but the department also
uses risk profiling processing to choose the most likely businesses to target
(e.g. identifying ‘unusual’ or late returns).
Business Entity Tests do, of course, from part of this risk profiling
assessment, though often HMRC cannot accurately apply these Tests without
approaching the contractor.
Polls during the event emphasised its popularity, with
almost half of visitors requesting more similar online sessions. Watch this space for the next event!
38 comments:
Thank you for the post and analysis for the recruitment of the executive and the latest updates related to recruitment process and techniques. I appreciate the blogger that he initiated to keep people updated and I am also working for the headhunter company so i can help you in keeping you updated. yo can check this link:
http://mullinscuddihy.com/news/
Some of the most relevant tests of employment statushttp://www.melbourne-travel.org/ thanks=))))travel more!!!
I recently came across your blog and have been reading along. I thought I would leave my first commenthttp://www.iessaywriting.net/
. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.I’ll use this information for my essays.))
Thanks for making such a cool project. I've been checking the site for the Windows version, but I never left a comment about it. I know youhttp://www.iessaywriting.net/
are working hard and doing it for free so you shouldn't feel rushed or anything. I hope you can continue this type of hard work to this site in future also. Because this blog is really very informative and it helps me lot.))
Thank you for the mail and investigation for the recruitment of the boss and the newest updates associated to recruitment process and techniques.
http://www.escort-hk.net/.
As soon as Moving , picking regional movers rather then country wide restaurants features a heap regarding strengths, however for many, opting for regional going businesses without model acknowledgement could cause bother about stability on an easily affordable price tag.
Your work is very good and I appreciate you and hopping for some more informative posts. happy new year 2016 new year 2016 happy new year 2016 images feliz año nuevo 2016 imagenes de año nuevo 2016 feliz año 2016 happy new year images 2016 new year images 2016
CBSE 12th Result 2016
CBSE 12th Result
Cbseresults.Nic.In
The grouping of specialists as representatives or video animation companies self employed entities figures out if a business is in charge of withholding and paying finance charges.
I admire the valuable information you offer in your articles. Photofiltre studio 11
Wonderful website.Lots of thanks for this post. Driver Genius Pro latest version
That was very nice article bro.. japanese international shopping website
Much obliged to you for peopling get the data they require. Incredible stuff not surprisingly. Keep up the considerable work!!! Facelift Westlake Village
I am new to such blog on the internet and now I am pretty sure that your blogs are the best. So I’ll be back. 4k video downloader crack download
Every single business temporary worker demonstrate similar pamphlets of amazing past ventures and claim to have master administration staff, however what are some great things to ask them in the event that you need to check their capacity to deal with a venture proactively?
Essay Writing Service
I appreciate the blog.Keep updated...web development company dallas
You have done great work by creating this site. premier pest control
I would like to thank you for the efforts you have made in writing this post. Nitro Pro 11 crack
Its very nice reading your article.
Nova scotia student loan
Your blog is very good, congratulations to you,Really is interesting this subject, if I knew before that site spoke about it, I liked it a lot. http://cracksmaster.com/
It is not, at that point, a straightforward matter of making a twofold installment one month from now in addition to somewhat additional for charges, since the advances are not figured on typical loan fees. What really happens is more extreme than only a basic charge.
Check Cashing
Further, instead of holding up days or half a month for a choice, numerous online organizations will react inside a few hours. Rivalry in this market is savage, so they will do what it takes to get your business.
Payday Loans
Since they represent considerable authority in these credits, it is typically a simple, quick procedure to get the cash that you require.
Cash Advance
Subprime advances are likewise accessible for contracts, Visas and auto credits. Individuals with awful credit frequently need to pick subprime loaning; one sort of which is the title advance. Car Title Loans Chicago
I like to get up early to go out and breathe fresh air. I feel that it is good for health and a good habit
http://19216811ll.com
Awesome blog. I enjoyed reading your articles. This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles.
benoquin
Visit here
Mobile app development company in Gurgaon
Great post. i like it. feeling great when reading your post. The content of the articles there will be a lot of attractive people to appreciate.escuela de manejo en houston tx
we have provide the best website designing service in Gurgaon.
website designing company in Gurgaon
Namkeen Pouch Manufacturers
Rice Packaging Bags Manufacturers
Pouch Manufacturers
2 download s128
3
4 cbet hondablack
5 m.918kiss
6 daftar osg777
7
8 daftar game slot joker
Thank you
Great Article
IEEE Projects for Engineering Students
IEEE Project Ideas for CSE
JavaScript Training in Chennai
JavaScript Training in Chennai
Thank you so much for share this type of blog keeps the user’s interest in this blog, I really like to read this awesome blog. Visit here: mobile app development company in Australia.
نقل عفش داخل جدة نقل عفش داخل جدة
دينا نقل عفش جدة دينا نقل عفش جدة
افضل نقل عفش من جدة الى الرياض افضل نقل عفش من جدة الى الرياض
نقل عفش من جدة الى دبي شحن عفش من جدة الى الامارات
Best Corporate Video Production Company in Bangalore and top Explainer Video Company in Bangalore , 3d, 2d Animation Video Makers in Chennai
Awesome article. good read blog. Thanks for sharing
I would like to be your pen friend...You can write me email on genuinehotelescorts@gmail.com for
Jaipur Escort
Jaipur Escort
Jaipur Escort
Delhi Escort
Guwahati Escort
Guwahati Escort
Guwahati Escort
Guwahati Escort
Lucknow Escort
Aerocity Escort
Post a comment