MPs demand action on IR35

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 17 April 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Loan Charge All-Party Parliamentary Group has called on the Government to take urgent action to address the exploitation of some contractors, in a new report. MPs are also demanding a government-backed independent review into how the contracting market operates, to ensure contractors are paid and taxed fairly for the work they do. Paul talks to an IT project manager who barely avoided bankruptcy after an unexpected six-figure tax bill and Ruth Cadbury, co-chair of the Loan Charge APPG Group.

How do banks protect vulnerable customers and protect their money from criminals? We hear one victim’s story about how she had tens of thousands of pounds stolen not once, but twice and how her bank failed to keep her money safe. Paul talks to Tamlyn Edmonds, specialist fraud prosecutor with Edmonds, Marshall, McMahon.

A pilot scheme with a new approach to improve support for people with health and financial problems is being launched in Lambeth and Southwark in South London. If it's successful there are hopes it will be rolled out nationally. Paul talks to two of the people involved - Damon Gibbons, Executive Director of the Centre for Responsible Credit and Gay Palmer, a nurse and social prescriber.

And in our podcast available from 2pm on Saturday you'll be able to listen to Anna Bowes from Savings Champion talking with Money Box listener Elettra about how to find the right savings account in a market with hundreds of different options.

Presenter: Paul Lewis Researcher: Sowda Ali Reporter: Dan Whitworth Production co-ordinator: Sacha Cowlam Producer: Ben Carter Editor: Alex Lewis

Transcript

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0:00.0	In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.
0:08.0	But the man who often found, tortured and sometimes killed these people on behalf of the IRA
0:12.0	was himself an informer, a secret British army agent with the codename Stakeknife.
0:18.0	Who gets to play God? And why me? Why my family? When lies are still being told to this day,
0:24.0	who do you believe? I wouldn't even know where to start, and I'm with the IRA.
0:28.5	Steakknife. Listen first on BBC Sounds.
0:33.5	BBC Sounds, music, Radio, podcasts.
0:39.8	Welcome to this Moneybox podcast.
0:43.7	The Cooperative Bank is reviewing the way it protects vulnerable customers.
0:51.8	After a Moneybox investigation revealed, it failed to prevent thieves emptying a listener's bank account for the second time.
1:01.8	The debt doctors help with financial problems is being given out at some GP surgeries in a pilot scheme which the organisers hope will reduce poor health.
1:08.8	And Moneybox listener Eletra tells us she wants to save but doesn't know where to begin. We find out.
1:13.6	But first, umbrella companies and agencies that hire out contractors should be liable for any tax that is avoided through so-called disguised remuneration schemes.
1:19.6	That's a key recommendation of a report published this week by an all-party group of MPs.
1:24.6	Disguised remuneration is the term used for schemes where people are paid not in cash but in loans.
1:31.0	The theory was that these loans were not income and therefore not liable for income tax.
1:36.1	But tens of thousands of individuals are now being pursued by the revenue to recover money from them,
1:41.9	while the firms that sold them are not prosecuted.
1:45.0	The group wants that to change.
1:47.5	Moneybox listener, Jeanette, is with us.
1:49.8	Jeanette, you worked in the private sector through one of these umbrella companies as long as
1:54.1	2008.
	...

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