Thousands of contractors face backdated tax bills as BN66 case is lost in High Court
Thousands of contractors face backdated tax bills as the High Court rules that retrospective impact of BN66 does not breach European human rights law.
Contractor VAT invoices and returns – a guide to VAT rate changes from 1 January 2010
VAT rates are set to return to 17.5% on 1 January 2010, which means contractors will have to adjust their invoices and VAT returns accordingly.
Contractors and the HMRC Taxpayers’ Charter – honesty, respect & lower costs promised
What can contractors expect from the new HMRC Taxpayers’ Charter, which lays out the treatment taxpayers can expect from the taxman?
Contractors a vital part of UK recovery, agree tax experts at PCG-sponsored event
The Reform think-tank and PCG yesterday discussed contractors’ input to UK economic recovery with a select band of leading experts and influencers.
Contractor limited company VAT inspections – preparation and process
Contractors who have been selected by HMRC for a VAT inspection should not be concerned if they have stuck to the rules and are well prepared.
Filing a late VAT return for a contractor limited company
Submitting a late VAT return or delaying VAT payments to HMRC can result in surcharges and flagging the company for inspection.
Childcare vouchers can cut contractor tax liabilities
Limited company and umbrella company contractors with children can reduce tax bills by claiming childcare vouchers, explains Clair Jolly of Danbro.
Contractors in firing line must act now, 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.
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?
Contractors’ group slams government with call for tax revamp
Calling for a major overhaul of UK taxation, the Professional Contractors Group (PCG) has heavily criticised government, HMRC and HM Treasury in its treatment of contractors.
Contractors to benefit from more accountable HMRC?
The Professional Contractor’s Group (PCG) is backing a Law Commission report calling for the greater accountability of bodies like HMRC.
Contractors must now fear lightning inspections from HMRC
Amidst all the new ''powers'' that HMRC is demanding, along with the right to interrogate your client about your IR35 status, is the right to show up at your home or office and review your tax records.
Contractors need to save for corporation taxes and vat
Running your own company also means making sure you can pay corporate tax and VAT when they come due.
Contractors can claim expenses for renting a flat or house near the workplace
You can do almost anything you want with your rented flat or house near the client workplace, so long as you maintain your principal residence.
Contractors are closer to payback for revenue mistakes
Proposals by the Law Commission which will allow contractors to expect redress when the Revenue makes a mistake are taking shape and are expected by January.
Contractors should understand margins and tax
Contractors need to understand the rules about how they are paid.
How contractors want taxes simplified
All of us contractors would like to see a tax system that is simple and clear, but we haven't got one. Even the experts agree on that. How can we improve it?
Contractors find VAT registration issue resolved
Contractors can do VAT-only invoices for all jobs undertaken while they've been waiting for VAT registration.
IOD says simpler tax and late payment are biggest issues for contractors
A simpler tax system and late payment are among the most important issues for the new small business minister, according to a report by the Institute of Directors.
PCG survey shows contractors fear HMRC; call for safeguards
PCG survey shows contractors want improved tax law. PCG is also calling for the Revenue to be held responsible for rogue investigations.
Contractors advised to avoid offshore activities
Leading advisors warn contractors that working offshore is a risky business.
PCG offers help to contractors under new CIS scheme
The PCG is offering services to contractors in the construction industry who must cope with the Government's new CIS scheme.
A guide to VAT for contractors
What is it? Do you need to register? An introduction for contractors.
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
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?
UK tax freedom day - today!
Today marks a special day on the calendar - it is Tax Freedom Day.
Labours potential tax rises - effect on contractors
The effects of potential post election tax rises on contractors.
Inland revenue paye investigations – how they work
Explains how an Inland Revenue PAYE investigation works and how to prepare for one.