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Contractor guide to negotiating personal tax payments on account with HMRC
Contractors experiencing a sudden fall in income might need to reduce their payments on account with HMRC explains James Abbott of Abbott Moore.
�ddenly, perhaps due to a prolonged period between contracts, or a rental property being empty, the payment on�
Category: Articles: Tax Issues | Wed, 14 Dec 2011

Key tax penalties imposed by HMRC on contractors
From late delivery of tax paperwork to giving the wrong information – HMRC can be unforgiving and will fine contractors who don’t play by the rules.
�owances. For example, a contractor may complete a contract in March at the end of the tax year but not invoi�
Category: Articles: Tax Issues | Wed, 14 Dec 2011

Contractors planning to use ESC C16 should do so before £25K cap starts in March 2012
Contractors planning to retire or find a permanent job and close their company via ESC C16 should do so before a new cap of £25,000 starts in April 20
�to retirement with a large cash balance in their contracting business, the change in the law could result in s�
Category: News | Fri, 16 Dec 2011

Breaking news: 10,000 HMRC inspectors being hired to target ‘disguised businesses’
Exclusive: Buried in the post-Budget Finance Act are plans for 10,000 extra HMRC inspectors to enforce new rules targeting ‘disguised businesses’.
�d of the tax year at midnight on 31 March 2012. A contract of service is not enough According to freshly-dra�
Category: News | Fri, 30 Mar 2012

Contractors’ guide to the flat rate VAT scheme
Contractors can benefit from the flat rate VAT scheme by cutting admin & potentially enjoying a cash surplus, explains Abbott Moore’s James Abbott.
�AT percentages (as at tax year 2013/2014) for key contracting sectors include: Computer and IT consultancy or d�
Category: Articles: Tax Issues | Tue, 24 Apr 2012

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.
�managed service company rules have proven for the contracting industry,'' says PCG director Julie Stewart. A Wa�
Category: News | Mon, 16 Apr 2007

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.
�says PCG policy director John Kell, ''is that the contracting industry is treated as suspect, as though there i�
Category: News | Fri, 10 Aug 2007

HMRC VAT inspection - preparation and process
How to prepare and what to expect when HMRC conduct a VAT inspection
�chase invoices All supporting documentation, e.g. contracts, correspondence, etc. Bank statements Your VAT ce�
Category: Articles: Tax Issues | Wed, 10 May 2006

BBC Moneybox exposes FCSA umbrella accused of withholding £000’s from contractors
An FCSA-accredited umbrella company has been accused of withholding thousands of pounds in holiday pay, BBC Radio 4’s Moneybox programme reports.
�mpany was determined by the client. Steve and his contracting colleagues were subject to a period of enforced m�
Category: News | Mon, 22 Mar 2021

Holiday Pay Reform: New laws bring clarity for casual and part-time workers
New Employment Rights Regulations will clarify holiday pay for casual and part-time workers from 1 January 2024.
�urs workers' and 'part-year workers' on permanent contracts. The new provisions in The Employment Rights (Ame� �om Harpur Trust engaged on a permanent zero-hours contract. She worked and was paid only during term time. P�
Category: News | Thu, 09 Nov 2023

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