Claim your travel expenses while you can!
10th December 2015
Earlier this year, it was announced that the government is going to consider proposals to restrict tax relief for the cost of home-to-work commuting for individuals employed through an employment intermediary, who work under the supervision, direction or control of any other person. The aim is for this to be introduced from April 2016.
Following the announcement of the changes to tax on dividends being implemented in April 2016, this is seen as a further attempt by the government to reduce the attraction of working via an employment intermediary such as an umbrella company or personal service company.
The lack of success of IR35 legislation, is resulting in the government looking at alternatives to ensure they collect a fair amount of tax. It will be interesting to see what other changes they will look to implement in the future. My guess is that entrepreneur’s relief may be targeted next.
For more information, please contact Luke Thomas, Director on 01273 701200 or email@example.com
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