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Contractors with large company cash reserves need to act now to save thousands in tax
Limited company contractors have little time left to tax-efficiently distribute cash reserves through an MVL, before new regulations come into force.
�iest way to comply with the TAAR would be to stop contracting and secure PAYE employment. Or a contractor could� �d in the process. “There are many contractors who contract for a few years before utilising MVL’s and using�
Category: News | Tue, 19 Jan 2016

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

Dividend Tax rules change 2016 – new calculator published
Contractors and business owners can calculate the impact of the new Dividend Tax rules change introduced by the Chancellor in the Summer Budget 2015.
�ys Chaplin. "You can double or treble this if the contracting business splits dividends by a family or husband�
Category: News | Tue, 14 Jul 2015

Chancellor George Osborne’s income tax and NI merger plans will not affect dividends
Osborne’s income tax and National Insurance Contributions (NICs) merger plans won’t impact on dividends, confirms Office of Tax Simplification.
�e Budget 2016 in March next year. Contractors and contracting stakeholders can make their views known by contac�
Category: News | Thu, 23 Jul 2015

Dividend Tax changes – how contractors can mitigate their impact
Contractors can use strategies that mitigate the impact of the Dividend Tax changes announced in the Summer Budget, says Abbott Moore’s James Abbott.
�ply to a contractor deciding to take a break from contracting, or investing in a project, which could be piece�
Category: News | Mon, 05 Oct 2015

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