Chancellor Sajid Javid committed to launch a review into IR35 and the new rules coming into effect on April 6 2020; this review has since launched from January 6 2020.
R35 was implemented in 2000 to tackle tax avoidance by contractors who did the work of permanent employees but bill for their services via limited companies.
Have you ever wondered if your insurance premium includes VAT? Insurance does NOT include VAT as it is subject to a different type of tax, the Insurance Premium Tax or IPT.
If you are a VAT registered company with turnover above the VAT threshold, from 1st of April 2019 you will be required to use the new Making Tax Digital service.