By Matt Fryer, managing director at Brookson Group, a People2.0 company
HMRC is actively investigating IR35 compliance in the oil and gas sector. Although itโll be a little while before we potentially see the outcome of these investigations in the courts, now is the time for energy businesses to review their approach and stress test their solutions so they can be confident should HMRC investigate.
Two hundred and sixty-three million pounds โ this was the combined tax bill handed to various government departments for IR35 non-compliance recently.
BP (LON: BP) paid tax on its UK North Sea business in 2021 for the first time in at least six years, according to the companyโs latest payments to governments report.
Just Stop Oil activists covered a UK government building in paint on Thursday, claiming it has โblood on its handsโ after approving the Jackdaw gas field.
By Matt Fryer, Head of Legal Services at Brookson Legal
When HMRC introduced changes to the โoff-payroll working rulesโ, commonly known as IR35, in April 2021, it promised the private sector a 12 month โsoft-landingโ.
North and north-east firms are being warned not to ignore letters from HM Revenue and Customs (HMRC) seeking clarification over their applications to the UK Governmentโs Coronavirus Job Retention Scheme (CJRS).
The UK Government is pressing ahead with delayed changes to off-payroll working rules, known as IR35, despite peers having urged it to โcompletely rethinkโ its plans.
The UK government has in the past month or so adopted a number of extraordinary measures designed to support UK businesses throughout the COVID-19 storm.
A House of Lords committee has called on the government to โcompletely rethinkโ a controversial tax reform which will have sweeping implications for North Sea contractors.
The UK Government has extended the cut-off date for workers to be eligible for its coronavirus jobs retention scheme, expected to benefit 200,000 people.
Energy giant Shell paid no taxes on its upstream oil and gas business to the UK government last year, instead receiving large rebates, according to a new report.
New UK Government measures to support the self-employed will cause โsleepless nightsโ for those North Sea workers who have been left in limbo, according to industry experts.