Contracting News - Latest Updates

IR35 will remain in force for some time to come, warns OTS tax director John Whiting
A measured review of IR35 means the tax is going nowhere fast, according to the OTS. But, says ContractorCalculator’s CEO, that could be a good thing.

ContractorCalculator: Contracting news in brief - 06/Aug/2010
News this week includes tougher bargain for contractors; IT continues to grow; jobs market gets selective; and AWR set to go ahead unopposed.

Contractors' margins to come under increased pressure from agencies
With the agency sector gearing up to grow its margins, contractors must be ready to fight to retain or improve their own margins, says Dave Chaplin.

ContractorCalculator Market Report August 2010
The demand for contractors continues to grow, with sectors such as financial services and manufacturing appearing to be having a renaissance.

IR35 is to be reviewed, but contractors should remember it is still being enforced
PCG’s Simon McVicker describes IR35 as ‘dead on its perch’, but until the legislation is repealed, contractors must remain on their guard.

ContractorCalculator: Contracting news in brief - 30/Jul/2010
News this week includes new expenses rules proposed for umbrella contractors; positive economic growth; and HMRC dominates the headlines.

Umbrella contractors to benefit from new expenses rules
Government recommends changes to the expenses rules following a National Minimum Wage consultation potentially benefitting umbrella contractors.

ContractorCalculator: Contracting news in brief - 23/Jul/2010
News this week includes new body to review IR35; increased demand for IT contractors; financial services recovery continues; & new online calculator.

Contracting sector could benefit from IR35 review by new Office of Tax Simplification
Contractors could benefit as the Treasury announces the creation of the Office of Tax Simplification, charged with tackling the unfairness of IR35.

ContractorCalculator: Contracting news in brief - 16/Jul/2010
News this week covers global hostility to contracting; FCSA standards; increasing self-employment; better retail performance; and a property outlook.

Contracting issues are a global challenge, shows PCG Round Table Event
International speakers at a PCG Round Table Event reveal that challenges facing UK contractors are shared worldwide, reports ContractorCalculator.

Contractor compliance stakes raised: FCSA founding members pass independent review
In an exclusive interview, FCSA Chair Stuart Davis highlights the demanding review process founder members underwent & the benefits for contractors.

ContractorCalculator: Contracting news in brief - 09/Jul/2010
News this week includes PCG awards; sustained jobs growth; mixed economic indicators; CFOs prioritising growth; and new umbrella services in Germany.

Contracting sector faces challenge of proving its worth to private sector clients
As a survey by recruiter Hays reveals private sector clients don’t value contracting skills, contractors should ask if an opportunity is being missed.

ContractorCalculator Market Report July 2010
As the UK economy continues its climb out of recession, contractors will see increased demand from manufacturing, oil & gas and financial services.

Contractor IR35 investigation for first time sparked by P35 service company question
HMRC may have started targeting contractors for IR35 investigations by using the P35 service company question, according to Seb Maley of Qdos

Contractors no longer use IR35 & tax as the sole reasons to choose umbrella companies
Tarpon's Anthony Bennett explains how umbrella companies no longer compete solely on the basis of tax but on service, process & efficiency.

ContractorCalculator: Contracting news in brief - 02/Jul/2010
News this week includes public sector job losses; IT contractor demand increases; North Sea opportunities in oil & gas; and house prices rise.

Contractors should benefit from a simpler, predictable and more stable UK tax system
The government’s tax policy consultation aims to create a simpler and fairer UK tax system that could reduce tax uncertainties for contractors.

ContractorCalculator: Contracting news in brief - 25/Jun/2010
News this week includes a budget benefitting some contractors, but tax hikes for others; a fragile outlook for Europe; and new public sector cuts.

Contractor pensions under threat in budget small-print
A consultation about the future of pensions buried in the budget small-print could spell the end of significant pension tax relief for contractors.

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.

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.

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.

Contractor and freelancer marketplace emerges from recession with double-digit growth
PeoplePerHour.com founder Xenios Thrasyvoulou explains how the freelancer marketplace has emerged from recession showing double-digit growth.

ContractorCalculator: Contracting news in brief - 18/Jun/2010
News this week includes a surge in online demand for workers; London’s financial centre continues to grow; and engineers are in greater demand.

Contractors see public sector contracts vanish as first government cuts are announced
The Treasury’s announcement of projects to be suspended and cancelled has removed many valuable contract opportunities.

ContractorCalculator: Contracting news in brief - 11/Jun/2010
News this week includes date for National Freelancers Day; stark public sector job warning; offshore optimism increase; and energy skills shortage.

Contractors could benefit from government’s value-for-money spending review
New contract opportunities could be opened up by the government’s re-evaluation of its role in providing public services.

ContractorCalculator Market Report June 2010
Contractors will benefit from the positive upward trending of most economic indicators, although experts report the recovery is still fragile.

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