Contracting News - Latest Updates

Recession-beating tips for contractors to be revealed at London event on 30th April
Contracting expert Dave Chaplin has been invited by Tarpon to share his top tips for surviving the recession with an audience of contractors.

Lower jobless rates among contractors signals clients’ shifts in IT strategies
The number of contractors out of contract long term is half that of the dotcom crash – does this mean a new view on IT budgets?

Are you a service company? Contractor limited company P35 and tax return question
Contractors completing their P35 will again be faced with answering question 6 correctly. Does new guidance from HMRC this year clarify the question?

Contractor expenses: 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.

Contractor Calculator Market Report April 2009
Mixed messages across all the contracting sectors contribute to a sense of uncertainty about the short-term prospects for contractors.

Oil and gas contractors set to enjoy long-term demand in Scotland
The oil and gas sector in Aberdeen will sustain contractors for a long time to come, according to Derek Kelly of Parasol.

Yet more evidence emerges that contractors must get contracts checked before signing
A recent ruling by the Court of Appeal highlights how essential it is for contractors to get their contracts checked by an expert before they sign.

MP’s Early Day Motion to end IR35 is welcome, but doomed to failure
Despite Lib Dem MP Lorely Burt’s attempts to abolish IR35 with an Early Day Motion, the “contractors’ tax” will remain as it raises too much money.

Online collaborative network provides opportunities for recession-hit contractors
Contractors have a new online tool for joining collaborative projects, with the launch of Freelance Advisor, explains Darren Fell.

Technicalities or confusion are not legal excuses for withholding contractor payment
An appeal court ruling means late and non-paying agents and clients face punitive interest claims from contractors for withholding payment.

Contractors bankroll big business as overdue payments skyrocket
Late payments to small businesses, including contractor limited companies, have leapt by 40% to £26bn according to research by payments firm Bacs.

Construction contractors to benefit from vital funds released by government action
Construction contractors to benefit from massive boost in public sector construction spending.

Contractor Calculator Market Report March 2009
Contractors should hold their nerve – things may still be getting worse, but there are beacons of light in the gloom, even in the hardest-hit sectors.

Brookson: More focussed HMRC is targeting contractor services sector compliance
HMRC appears this year to be focusing on compliance in the contractor services sector, says contractor accountancy expert Martin Hesketh of Brookson.

PCG hires political heavyweight to bring parliament round to contractors’ cause
Political heavyweight Simon McVicker joins the Professional Contractors Group as Head of Public Affairs, promising greater engagement with Westminster

Employment law case confirms precedents for contractor IR35 status
The results of a mainstream employment law case adds weight to case law when establishing contractor IR35 status with HMRC.

Contractor Calculator Market Report February 2009
There is no doubt that trading conditions are getting tough, but most contractors see mainly opportunities and are upbeat despite the downturn.

HMRC wins narrow victory over Larkstar Data IR35 case in the High Court
HMRC has won a narrow victory in the High Court today as Sir Donald Rattee rules that the case Larkstar case be re-heard by the General Commissioners.

Larkstar Data IR35 ruling imminent: what could this mean for contractors?
With 2008 an IR35 annus horribilis for contractors, how will 2009 shape up? Will the imminent Larkstar Data ruling provide respite for contractors?

Contractors to benefit from new face at PCG
Iain McIlwee, PCG’s new Head of Commercial Development, tells ContractorCalculator what’s in store for members as he settles into his role.

‘Contractor UK’ website falls foul of advertising watchdog in landmark ruling
Contractor UK’ found guilty by Advertising Standards Authority of breaching key Committee of Advertising Practice rules, including on truthfulness.

People4Business and Contractor Calculator team up to offer contractors a better deal
ContractorCalculator and People4Business are offering contractors the opportunity to win new contracts from a different kind of jobs website.

Parasol buys Quay Accounting: will this mean consolidation in contractor services?
After the acquisition of Quay Accounting by contractor umbrella Parasol, will this trigger a run of consolidation in the contractor service sector?

Contractor Calculator Market Report January 2009
Contractors face fresh challenges in 09, but there are opportunities too, with public sector spending set to skyrocket and the IT skills gap widening.

New IR35 resources for contractors
The latest guidance to help contractors manage their IR35 status comes in a PCG guide, which complements the newly published Contractors’ Handbook.

New Contractors’ Handbook empowers contractors facing tough trading conditions
Contractors have a new and powerful weapon to combat recession woes, with the publication of the authoritative new Contractors’ Handbook.

ContractorCalculator Market Report December 2008
Another mixed month for contractors with good news from the Pre-Budget Report tempered by increasingly fragile economic indicators and falling demand.

Will contractors foot the bill for HMRC blitz on Managed Services Company providers?
New guidance issued by HMRC targets offshore and self-employment MSC providers, leaving contractors at risk from debt transfer provisions.

Treasury attack on umbrella companies not over says contractor accountant
Relief felt by contractors after last week’s Pre-Budget Report may be premature, as contractor accountant JSA Group warns of further Treasury action.

Does the Glover Review mean more public sector work for contractors?
Contractors could benefit from a public sector procurement review that has recommended measures to improve SME access to lucrative contracts.

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