The construction industry is traditionally regarded as having serious compliance issues. The changes introduced from 6 April 2021 suggest that HMRC remain focused in their compliance approach regarding the construction industry arena.

The Intermediaries legislation commonly referred to as IR35 was introduced in 2000 to combat the perceived tax avoidance of workers using an intermediary (typically their own Personal Service Company (PSC)) to engage with the client rather than being engaged directly. Prior to the IR35 legislation, where an individual was engaged ‘off-payroll’ and through a PSC, […]

This was a very complex deal augmented by a significant pre-sale restructuring of the target group, which was also undertaken by haysmacintyre, to remove non-core companies just prior to sale. This included designing the restructuring steps so that there were no downsides to the EMI status of employee options. Furthermore, the US buyer’s tax qualifying status introduced its own pre-sale structuring issues that we resolved with ultimately a simple solution.

Dinesh Pancholi, Senior Manager, and Nick Bustin, Employment Tax Director have co-authored an article for  People Management Magazine covering what businesses need to know about the ongoing challenge of IR35. To read the full article, click here.

The latest edition of our eNews is now available to download.

We are excited to announce that our outsourcing team has partnered with Xledger UK. Elena Ramkalawon, Partner and Head of Outsourcing comments: “Our partnership with Xledger will further strengthen haysmacintyre’s service offering and bolster our ability to streamline the finance function for our ambitious, high growth clients.”

There has been considerable uncertainty in property related matters regarding payments related to property which have traditionally been regarded as outside the scope of VAT, most notably in the case of dilapidations.

The latest edition of our Charity and Not for Profit eNews is now available to download.