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What tax code should I be on? How UK tax codes work
UK tax codes tell contractors how much tax they are paying. Limited company contractors control their tax code but it is set for umbrella contractors.
�ly, when a contractor leaves their last job to go contracting they will be given a P45 by their former employer�
Category: Articles: Tax Issues | Tue, 10 Mar 2015

Onshore Employment Intermediaries reporting rules: contractor obligations
Contractors must supply personal data to agencies for the Onshore Employment Intermediaries reporting rules: those that subcontract are also caught.
�s say that one person limited company contractors contracting direct with the client don’t have to submit repor� �ed in the return of the intermediary that has the contract with the end client.” Furthermore: “If a personal�
Category: Articles: Tax Issues | Thu, 16 Apr 2015

Government contractor T&S changes are ill-informed, SNP politician claims
Contractor T&S changes are representative of a Government ignorant to the complexities of the modern labour market, claims Roger Mullin of the SNP.
�. Prior to the implementation of the legislation, contracting bodies warned that restrictions would intensify s�
Category: News | Thu, 19 May 2016

Moving buy-to-let properties into a company - issues to consider
Contractors might be able to mitigate the impact of buy-to-let tax changes by putting rental income into a company, says James Abbott of Abbott Moore.
�o have to find.” Contractors urged not to combine contracting and rental income For contractors who receive suf�
Category: Articles: Tax Issues | Wed, 25 May 2016

Contractors’ guide to VAT
VAT is a contractor’s best friend if treated right, or worst enemy unless care is taken to keep to the rules. Here’s how to keep the VAT-man happy.
�Contractors who work through their own contracting limited company can potentially save a significan� �y that is not registered for VAT and only used on contracts with clients who cannot reclaim VAT, so that the� �VAT registration a disadvantage? Contractors who contract directly with their clients, rather than an agenc�
Category: Articles: Tax Issues | Wed, 07 Mar 2018

Official review launched into disastrous retrospective Loan Charge
Boris Johnson announced in the House of Commons on Wednesday 4th September 2019 at 12:45pm that there would be a review into the Loan Charge.
�such changes will not affect you as a settlement contract will have already been signed. Q) What next for H�
Category: News | Wed, 04 Sept 2019

BREAKING NEWS: Government confirms independent review of Loan Charge
Government has confirmed that Sir Amyas Morse will lead an independent review into the Loan Charge, concluding by mid-November.
�d retrospective tax bills on thousands within the contract sector. Commissioned by the Chancellor, Sajid Jav�
Category: News | Wed, 11 Sept 2019

Marginal tax rates explained - how much tax you pay
You pay very different marginal tax rates depending on your earnings and business/personal circumstances.
�However, if the spouse has their own income from contracting or other sources, they may also fall into the sam�
Category: Articles: Tax Issues | Wed, 15 Sept 2021

Lords expected to support arctic systems verdict
Legal observers expect the Inland Revenue to lose its appeal in the Arctic Systems case.
�d at least bring some measure of stability to the contracting industry, which is currently beleaguered by red-t�
Category: News | Fri, 19 Jan 2007

Contractors could pay 10% more in the treasury’s Arctic Systems attack
The latest Treasury attack on contractors comes in the wake of the Arctic Systems Case and attempts to increase our tax burden.
�be a determined attempt to hurt the burgeoning UK contracting industry, HM Treasury has announced the intention�
Category: News | Fri, 27 Jul 2007

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