Contractor sector unmoved by Spring Statement 2019

Contractor UK has reported on ‘The quiet Spring Statement for contractors that their advisers were expecting … with a Brexit-focussed Philip Hammond making no mention of IR35.’

In its newly published document Tackling tax avoidance, evasion and other forms of non-compliance, HM Treasury refers to the introduction of ‘legislation to ensure income tax applies to … third-party arrangements and a new charge on disguised remuneration loan balances outstanding at 05 April 2019’. Contractor UK has interpreted these comments as ‘effectively rejecting recent pleas ‘to delay Loan Charge 2019’.

BKL consultant David Whiscombe noted the ‘confirmation that HMRC’s reply to criticisms of the outrageous loan charge will appear by the end of March’.

Read the full article on the Contractor UK website.

Find out more about this week’s Spring Statement in our Spring Statement 2019 summary.

For more information about how we can help contractors and freelancers, please contact us using our enquiry form.

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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