^ TopPersonal and Company Taxation
Contractors Should Understand Margins and Tax
Contractors need to understand the rules about how they are paid.
Contractor Tax: Limited Company and Personal Taxes Explained
Depending on how you structure your finances and your IR35 status will depend on the type and level of taxes you need to pay.
Dividends – Calculation, Payment And Taxation
Contractors using limited company structures can get significant tax advantages by paying themselves dividends. This article explains how dividends work.
A Guide to UK Tax Codes
What does your tax code mean and how does it effect how much tax you pay?
Self Assessment for Contractors - Tax
A guide to the annual self assessment tax return for contractors.
Tax on Employer Provided Assets and Computers
Tax issues relating to the personal use of company assets and computers used by employees.
^ TopTax Inspections
HMRC PAYE/NI Tax Inspections Explained
A guide to Inland Revenue tax inspections, explaining the preparation and process of the HMRC PAYE/NI tax inspection.
HMRC VAT Inspection - Preparation and Process
How to prepare and what to expect when HMRC conduct a VAT inspection
HMRC Self Assessment (SA) Investigations – How They Work
Explains the process of a HMRC Self Assessment investigation.
Minimising the Risk of a HMRC Inspection
Discusses the issues that raise alarm bells with HMRC, and advises how to minimise the risk of an investigation.
What Triggers an HMRC IR35 Investigation?
IR35 inspections are time consuming and potentially very costly. We discuss reasons why you might be selected for inspection and how to avoid one.
A Guide to VAT for Contractors
What is it? Do you need to register? An introduction for contractors.
The Flat Rate VAT Scheme - Should Contractors Join?
Explains the scheme and shows how to determine whether it is advantageous to join.
Filing a Late VAT Return
What happens if you send in your VAT late? Can you avoid hassle and penalties?
^ TopIR35 and Section 660
What is IR35?
Explains what IR35 is and how it affects contractors.
Financial Impact of IR35 on Contractors
A contractors take home pay is reduced by up to 25% when caught by IR35.
The IR35 5% Expenses Rule
Explains the Inland Revenue 5% expense rule for contractors caught by IR35.
What is Section 660?
What is Section 660? An overview of the legislation and how it affects contractors.
How Much Will Section 660 Cost Contractors?
This article explains which contractors will be affected by Section 660 and how much it will affect them financially.
^ TopMitigating Tax
Reducing the IR35 Pain With a Contractor Pension
Reduce the pain of IR35 by diverting your IR35 taxes into a pension and achieve up to 48% tax relief.
Inside IR35? Get Huge Tax Savings with a Pension
If you are caught by IR35 and currently do not have a pension, then you are missing out on huge tax savings.
Outside IR35 and No Pension? Get Tax Savings with a Pension
If you are contracting outside IR35 and don’t have a pension, you are missing out on significant tax savings.
Tax Tables: 2008 | 2007 | 2006 | 2005 | 2004