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IR35 set for ‘soft landing’ in private sector

Posted. 27 February 2020

Extending the off-payroll working rules to the private sector in April look set to go ahead, after the Chancellor hinted at a soft-landing period.

Chancellor Rishi Sunak reportedly told a conference last weekend that HMRC would not be "at all heavy handed in the first year".

Not only does that indicate the changes are due to go ahead as planned from 6 April, it suggests a light-...

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‘More spending must require more tax’

Posted. 26 February 2020

New Chancellor Rishi Sunak must raise taxes in his first Budget if the Government is to stick to its own borrowing rules.

The Institute for Fiscal Studies (IFS) warned that "radical changes to taxes" are needed to increase funding for the NHS and social care.

However, the Conservative election manifesto vowed to freeze the rates and thresholds for income tax, VAT and corporation...

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'Steady decline' in self-employed savers

Posted. 25 February 2020

The number of self-employed people actively saving into a pension has decreased steadily over the last decade, according to the Department for Work and Pensions (DWP).

The annual automatic enrolment report, published yesterday, found that the number of self-employed retirement savers had decreased from 27% in 2008/09 to 15% in 2017/18.

The main reason behind the steady decline...

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Fake HMRC emails still a problem

Posted. 24 February 2020

To help people avoid phishing scams, the tax authority has issued an updated list of genuine contacts you might receive from HMRC in the coming months.

The period from April to May is a particular hotspot...

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Regulator warns of help-to-buy equity loan risk

Posted. 21 February 2020

First-time buyers who used a help-to-buy equity loan to get on the property ladder are being warned over the risks of getting into negative equity.

The Financial Conduct Authority (FCA) claimed the scheme potentially exposes borrowers to any changes in economic conditions.

The FCA said:

"A stagnant housing market, combined with the new-build premium could see a reduced...

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