Accountants based in Nottingham, UK

February 2019

The 'off-payroll' or 'IR35' rules have been adapted considerably since they were first introduced, and Autumn Budget 2018 announced further change to come. Our lead article provides an update in this area.

In the public sector, those engaging a worker through a personal service company (PSC) already have the responsibility of making the decision as to whether a contract falls within the IR35 rules. They also have to account for PAYE and National Insurance Contributions on payments made to those within IR35.

From April 2020, these obligations will also extend to some businesses in the private sector. We explain here who will be affected, and how HMRC's online employment status tool may be used by those responsible for making this important decision.

We also report on the Catapult programme. Catapults are not-for-profit, independent technology and innovation centres located throughout the UK. Each has its own area of technological expertise and specialised facilities. Catapults exist to bring businesses and the research community together in order to encourage innovation and economic growth. Businesses of any size looking to develop new products or services on a commercial scale can access the Catapult network.

Elsewhere in the newsletter, we consider some of the numerous changes to the capital allowances regime introduced by the Budget, particularly the new Structures and Buildings Allowance

In the light of the difficulties many employers face when it comes to retaining staff, we also discuss the issue of staff turnover and what can be done to provide incentives.

In our other articles, we cover:

  • plans to help businesses deal with late payments
  • changes to charity annual returns
  • the retention of Class 2 National Insurance
  • the rent a room scheme
  • capital gains and your home.

We are sure you will find the newsletter an interesting read. Please contact us if you have any questions regarding any of the articles we have included in our newsletter or if you would like further information on a topic we haven't covered. Your views are always important to us and we would welcome your feedback.

IR35 shake-up
The innovating business
Capital Gains Tax and your home
Change for Charities
Chasing late payments
How to keep staff
New era for Capital Allowances
Tax change round-up