Tax Zone

Welcome to the Tax Zone. This area of the site is dedicated to keeping you updated on changes to tax legislation and its effects on financial planning. Here you will obtain detailed analysis on the budget, hints & tips and planning opportunities resulting from any changes made. This is intended to be a valuable resource for all our clients who wish to keep up-to-date and have a desire to take control of their financial affairs.

The Partnership always acts in the best interest of our clients. We work hard to ensure you receive the right advice and information enabling you to make the decisions that are best for you.

The content on this website is purely for information purposes only. Decisions should not be taken based solely on the content of the website and advice from a suitably qualified individual should be sought first.

Construction workers to be targeted

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Labour has announced that should they get back into government, they will be looking very closely at those working in the construction industry.

They will of course be focussing on IR35 (if you trade through a company) and the never ending employment V self-employment status.

If you feel your tax position is contentious, we would recommend the following:-

1. Have your contract with your customers reviewed. If you do not have one, you will need to obtain one. This is the first document that is likely to be inspected.

2. It is highly recommended that you appoint your accountant/agent to represent you. This will of course generate an additional cost to you. If you are unable to pay this additional fee, you should consider taking out the ‘Tax Investigation Service’.

3. Should your IR35 tax position be altered by HMRC, this is likely to generate additional tax liabilities, penalties and interest charges. If you cannot pay these, it is worth considering taking out ‘IR35 Tax Loss Insurance’

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