The government yesterday published the draft Finance (No.2) Bill containing the proposed legislation relating to the future treatment of tax for onshore self-employed contractors. The wording of the operative sections has been amended and provisions relating to the liability of those involved set out.
We will be undertaking an analysis of the bill and will be commenting more fully over the coming weeks. What is clear is that the changes advanced will affect all parties in the supply chain, including contractors, umbrella companies, employment businesses and end users, not least in sectors such as construction, where self-employed status has until now been prevalent.
Lawspeed will be holding a seminar in London on 15th April 2014, at which a representative from HMRC will be speaking and we will set out our thoughts on this legislation and propose ideas as to what those affected can do to mitigate the impact. The seminar is aimed at recruitment businesses and service providers; book your place by emailing firstname.lastname@example.org or call 01273 236236.
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