How Spring Statement 2018 affects IR35: free webinar!

When chancellors get to their feet, the UK’s contractors hold their breath, writes Dan Moss, a director at specialist accountants Orange Genie.

The only certainty is uncertainty, and given the tradition in the Spring and Autumn of picking on contractors, the worst can happen.

The Spring Statement is due one week from today -- March 13th, and at the very least we can expect the promised IR35 consultation to be firmed up. The public sector reform has been widely criticised since it came into force in April 2017 and many stakeholders have warned of widespread chaos and damage to the economy, should the reform be extended.

Meanwhile, HMRC has pointed to increased tax receipts as evidence of the reform’s success in the public sector, and appear keen to see it pushed through into the private sector with all speed.

Affected limited company contractors in the public sector saw significant reductions in take-home pay and unfortunately, private sector contractors can expect the same if the April 2017 reforms to IR35 are rolled out to cover them as well.

• What can contractors do to reduce the potentially adverse impact?
• What’s the best way to protect your income if the reform is extended?
• Should you confirm arrangements in advance, to ensure your client will not deem you caught by IR35?
• What can you do if you are deemed caught? Is an umbrella or sole trader structure an option?

You can view a recording of Orange Genie's Spring Statement webinar below:
https://www.orangegenie.com/orange-genie-group/free-webinar-how-spring-budget-2018-affects-contractors