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Dear Contractor,
Welcome to the May 2009 edition of our Contractor Newsletter. As expected the Budget didn't affect contractors directly. But HMRC has announced a further clampdown on tax dodgers and is again looking at contractors subsistence. Our features this month therefore focus on defending your IR35 position and ensuring you don’t get caught in the "duality of purpose" trap. We also advise a contractor whose client wants to force them to take lots of time off.
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Contractors must act, as HMRC plans hefty £1 billion tax clampdown
Contractors must urgently review their tax affairs, as inspectors are to get a £1 billion fund to target those they feel should be paying more tax. |
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First-ever National Freelancers Day set for 23rd November 2009
National Freelancers Day on 23rd November has been launched by the PCG to highlight and celebrate contractors' and freelancers' contribution. |
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HMRC releases benchmark scale rates for contractors' subsistence
New HMRC rules coming into force from 6 April could affect expenses that umbrella contractors claim, as umbrella company dispensations are reviewed. |
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Read Full Story › |
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Contracting skills can seriously affect your financial health
Contractors can suffer hugely from a lack of 'contracting skills', having a major adverse effect on personal finances, costing up to half a mortgage. |
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 HMRC inspections: do you have an IR35 life raft? |
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All contractors are HMRC investigation targets but will have nothing to fear with an 'IR35 life raft', as Carl Whittaker of Qdos Consulting explains. |
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 Expenses: HMRC's 'duality of purpose' trap |
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Contractors who have incurred expenses partly for business purposes and partly for personal reasons should be careful how they claim tax relief. |
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 Can a client force me to work fewer hours? |
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Is the client in breach of contract by forcing a contractor to take time off? It depends on the contract's small print, says Roger Sinclair of Egos. |
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 Contractor Calculator Market Report: May 2009 |
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Job availability down and company failures up - is the end in sight Yes, according to UK managers, but you still need a telescope to spot it. |
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