What is a Statement of Work?
A Statement of Work (SoW) is an agreement between two businesses that typically defines key deliverables to be achieved, to consider a project satisfactorily complete and therefore secure payment. They do not replace a contract, and usually will be used alongside one – particularly where services are outsourced. Typically, when supplying labour, assignments are delivered…
FCSA welcomes three new members to the Board
The FCSA welcomes three new Board members – James Burrows from Danbro, Daniel Haslem from Giant, and Alison Roberts from Optionis.
What is IR35?
IR35 is tax legislation that aims to stop individuals from avoiding tax by supplying their services to the client through an intermediary, such as a limited company (Personal Service Company – PSC). The legislation is designed to identify contractors and businesses that are avoiding paying the appropriate tax by working as what HMRC refers to…
IR35: what’s changing in the private sector?
When IR35 first came into force in 2000, each contractor was responsible for assessing their own IR35 status. Therefore, the contractor’s limited company or employment agency was responsible for paying any tax or National Insurance Contributions (NIC) due. In 2017, the rules changed for the public sector, whereby the responsibility for ensuring the correct IR35…
Inside IR35 and Outside IR35 – what do they mean?
Inside IR35 Meaning To be ‘inside’ IR35 means that you are considered, for tax purposes, an employee of your end hirer and therefore subject to PAYE. Outside IR35 Meaning To be ‘outside’ IR35 means that you are operating as a genuine business, and therefore operating outside of the IR35 rules. This means that you are…
IR35 reforms in the private sector – who is liable?
The new rules come with significant compliance and tax risks for both agencies and end hirers. The agency is the first port of call for HMRC should a successful challenge be made to an ‘outside’ IR35 status assessment. Each partner in the supply chain could protect itself, but there is no way to remove liability…
IR35 Update: HMRC issues statement on “interpretation of section 61O and conditions where the intermediary is a company”
Further to the FCSA’s meeting with HMRC officials this week (Wednesday, 14 October), following HMRC having been made aware of concerns regarding the wording of section 61O of Chapter 10 ITEPA that will apply from 6 April 2021, as promised, HMRC has released an official statement on the “Off-payroll working from 6 April 2021– interpretation…
FCSA and other industry leaders move forward on off-payroll reforms
FCSA report “a very positive and constructive meeting” with HMRC officials regarding the recent issues emerging out of IR35 off-payroll reforms. Find out more.
FCSA Accreditation Awarded to Fair Pay Services for Umbrella Employment Services
Fair Pay Services MD, Adam Holby comments on how proud his firm is to have achieved FCSA Accreditation for its umbrella employment service.
FCSA responds to Chancellor’s new Job Support Scheme announcement
On behalf of the FCSA and its members, I am disappointed by the Chancellor’s statement today. Without an Autumn Budget, the Government has taken away the opportunity to introduce wider fiscal stimulus at a time when our economy desperately needs a package of economic support as well as support for job retention. The contingent workforce…