Budget

Last November

Contractors to benefit from measures announced in the Autumn Statement

Contractors are likely to be better off, with no new tax increases and many new market opportunities revealed in the Chancellor’s Autumn Statement.

Last November | Tue, 29 Nov 2011

Last March

Budget 2011 reaction - IR35 retained, as abolition risks falling tax revenues

Contractors must endure IR35 for the foreseeable future, until a possible merger of income tax and NI proposed in the 2011 Budget makes it irrelevant.

Last March | Thu, 24 Mar 2011

Contractors remain subject to IR35, while income tax and NI may merge – Budget 2011

Contractors remain subject to IR35 as the Chancellor George Osborne delivers a 2011 Budget that proposes the merger of income tax and NI.

Last March | Wed, 23 Mar 2011

Budget 2011: Headline points for contractors - IR35 to be enforced better

Key points from the 2011 Budget affecting UK contractors and freelancers

Last March | Wed, 23 Mar 2011

Others

Spending Review offers contractors positive news, but HMRC’s new fund causes concern

Spending Review to benefit contractors by investment in renewables and infrastructure, but will HMRC target flexible workers with its £900m war chest?

Others | Wed, 20 Oct 2010

Contractor-friendly emergency budget could have a nasty tax-sting in its tail

Many contractors will benefit from the business-friendly budget but increases in capital gains tax and potential pension reform could penalise others.

Others | Wed, 23 Jun 2010

IR35 will be abolished, says Small Business Minister Mark Prisk

In an interview published in the Telegraph, Small Business Minister announces that small business taxation review will make IR35 redundant.

Others | Wed, 23 Jun 2010

Budget promises contractors IR35 review, but high-earning contractors face tax hikes

The emergency budget promises an IR35 and small business taxation review alongside lower taxes for business, but also tax hikes for higher earners.

Others | Tue, 22 Jun 2010

Contractors stand to gain little and lose more from ‘political’ Budget

Contractors can expect a multitude of small tax increases with few gains, and there are no changes to IR35, income shifting or umbrella expenses.

Others | Wed, 24 Mar 2010

Contractors facing more stealth taxes as ‘sensible’ pre-election Budget is forecast

Contractors should expect few Budget surprises as the Chancellor has limited options, but ClearSky’s Derek Kelly warns of more stealth taxes to come.

Others | Mon, 22 Mar 2010

Surprise at contractor-neutral Pre-Budget Report, but pensions fallout still unclear

Contractor service providers express surprise at the low impact of the PBR, but the full story of the impact on pension plans is yet to come.

Others | Fri, 11 Dec 2009

Contractor relief as Chancellor announces low-impact measures in the PBR

Contractor relief as ‘the most flexible labour force in Europe’ benefits from low-impact budget, but banking and tax avoidance schemes are targeted.

Others | Wed, 09 Dec 2009

Contractors can expect mixed outlook from Pre-Budget Report on 9 December

Chancellor Alistair Darling’s Pre-Budget Report on 9 December 2009 will be eagerly awaited by contractors. What surprises might it hold?

Others | Thu, 12 Nov 2009

Contractor neutral Budget penalises highest earners and ignores contractors’ concerns

There are no surprises for contractors in this year’s Budget, with only the highest paid being hit, and key contractor ‘worries’ being ignored.

Others | Wed, 22 Apr 2009

Pre-Budget Report: Darling shows Labour is listening to contractors... for now

UK contractors are celebrating a stay of execution over harmful legislation that had been threatening the sector.

Others | Tue, 25 Nov 2008

Contractors get easy ride in Pre-Budget Report

Another Pre-Budget Report, and no new taxes for contractors. ContractorCalculator asks: why have contractors escaped so lightly?

Others | Tue, 25 Nov 2008

PBR: Contractors relieved - income shifting and travel expenses attack delayed

Contractors' worst fears about the Pre-Budget Report containing harmful changes to income shifting and contractors' expenses have not been realised.

Others | Mon, 24 Nov 2008

What contractors can expect from the Pre-Budget Report

The Treasury has announced that the Chancellor will be making his Pre-Budget Review on Monday 24th November, so what’s in store for contractors?

Others | Thu, 13 Nov 2008

Contractors see a few bright spots in the gloomy labour budget

Contractors don't usually take advantage of government incentives, but there are a few in the otherwise gloomy budget worth noting: special loans, funds to encourage women in business, limits on regulation, public contracts.

Others | Fri, 14 Mar 2008

Bad news budget expected for contractors

The first Alistair Darling Budget to be announced tomorrow is full of bad news for contractors, small business, and the nation at large. It is also likely to include the Treasury's infamous 'income shifting' proposal as well.

Others | Tue, 11 Mar 2008

Also of interest...

Related Guides

Contractor Taxation - Explained

Latest Site Updates

Contractor ESC C16 options for tax efficient limited company closure by 1 March 2012

Contractors have time to close their contracting business tax efficiently using ESC C16 before new rules and a £25k cap come into force on 1 March.

Project management contractor does it ‘by the book’, literally, to win first contract

Project management contractor Ken Burrell won his first contract, and just secured his first renewal, by acquiring & applying new contracting skills.

ContractorCalculator Market Report February 2012

Contractors received a PR boost in Davos and have a target rich contract market if they can pick the winning sectors of the UK’s two-speed economy.

Plenty of rules for us; no rules for them

Contractors could be forgiven for assuming HMRC only targets the public over tax avoidance, while the political elite are left to get on with it.

Twitter

UK manufacturing output rises http://t.co/R0dzpXWB and trade deficit improves http://t.co/EryNWZ69 according to ONS December 2011 data
17 hours ago
HMRC inconsistency: Redknapp's misfortune was to be a private individual and not a large company. http://t.co/vcz43CvZ via @TheIndyNews
18 hours ago
Contractor ESC C16 options for tax efficient limited company closure by 1 March 2012 http://t.co/QXDaShgU
19 hours ago
Good news for financial IT contractors London's financial sector bounces back in Jan: Morgan McKinley Employ Monitor http://t.co/38nKDOaC
20 hours ago
HMRC extends anti-avoidance campaigns to construction trades and traders using new online search technology http://t.co/walUSlzX
Wed, 08 Feb 2012
Project management contractor does it ‘by the book’, literally, to win first contract http://t.co/8H4wfIhk
Wed, 08 Feb 2012