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ContractorCalculator: Contracting news in brief – 4/Apr/2014
News this week covers: contract vacancies; late payments; financial sector hiring; North Sea exploration; PCG economic report; and HMRC NIC guidance.
�the guidance also says that contractors operating IR35 and making deemed payments are unable to claim th� �the greatest opportunity.” As these are all core contracting disciplines, this suggests the prospects for cont� �cle and contributing to a “sharp increase” in new contracts and jobs. More... UK Services PMI: Although growt� �Contract vacancies increase led by technology, engineering�
Category:
News
| Fri, 04 Apr 2014
Contractors & small business owners to pay 7.5% more tax on dividends from April 2016
Contractors and small business owners to pay extra 7.5% tax following dividend tax reforms, works out at £2,400 more a year for basic rate payers.
�haplin. “That this measure, alongside a review of IR35 and a consultation on the future of umbrella and�
Category:
News
| Wed, 08 Jul 2015
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.
�are no changes to core contractor issues, such as IR35 , Section 660 , umbrella expenses and NICs on div� �made to make available 15% of central government contracts to SMEs and pay 80% of invoices within five days.�
Category:
News
| Wed, 24 Mar 2010
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.
�courage lower emission vehicles. Contractor taxes IR35 and income shifting regulations remain unchanged,� �ling had very little to comfort the UK’s hard-hit contracting community. Despite that, most contractors are lik�
Category:
News
| Wed, 09 Dec 2009
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.
�ell as limited company contractors working inside IR35 ,” continues the IFA expert. “The freeze in the h� �Contracting sector commentators have expressed surprise at th�
Category:
News
| Fri, 11 Dec 2009
ContractorCalculator Market Report April 2012
Contractors in the core contracting disciplines of engineering, IT & interim management continue to experience sustained demand and positive outlooks.
�more than two years, possibly putting them inside IR35, nearly one in five works for more than one clien� �Contractors in the core contracting disciplines of engineering, IT and management con� �er term challenges for the sector.” Public sector contracts account for a third of interim management assignm� �in 2010. Over four out of five members were in a contract during the survey period in September 2011. And,�
Category:
News
| Fri, 30 Mar 2012
80% of self-employed don’t want employment rights, reveals survey
Government must acknowledge that freelancers aren’t vulnerable workers and don’t want employment rights, says ContractorCalculator following survey.
�s, 74% pointed out that it would compromise their IR35 tax status and complicate their tax affairs. More� �time off, two thirds reported that they negotiate contracts around pre-arranged holidays, whilst 31% said the�
Category:
News
| Tue, 25 Oct 2016
Do contractors have to fire their wives or husbands?
With the proposals made by the Treasury in revenge for Arctic Systems, contractors could have to fire their wives or husbands as employing them might no longer make sense.
�ve, and the result has been a pickle. We have had IR35 , the managed service company legislation , and n� �sury has launched a series of attacks against the contracting industry. The notion behind it is that companies�
Category:
News
| Mon, 22 Oct 2007
"Don’t panic" – agency workers directive won’t be UK law for at least 18 months
Despite the decision by EU employment ministers to adopt the Agency Workers Directive, it could be years before it becomes law in the UK.
�isery for contractors and freelance workers, with IR35 and the MSC Legislation , so it is important that�
Category:
News
| Wed, 11 Jun 2008
Contractors’ legitimate travel expenses must be safeguarded, says PCG to Treasury
The Professional Contractors Group is standing up to HM Treasury over the right of umbrella company contractors to continue claiming travel expenses.
�lation targeting the contracting sector – such as IR35 and the income shifting proposals – the fall-out� �anies fulfil an obvious and important need in the contracting sector, by providing an option for contractors wh� �these contractors and freelancers have employment contracts with their umbrella companies and pay tax and Nat�
Category:
News
| Fri, 10 Oct 2008
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