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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’ 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

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

Section 660a - minimising an inspection and potential penalties
Advice and guidance for avoiding the 'husband and wife’ tax.
�an inspection and penalties .] If you are new to contracting you will need to decide on a payment structure to�
Category: Articles: Section 660 | Wed, 14 Sept 2005

Contractor Doctor: Can I receive a tax-free redundancy payment from my ltd company?
Contractors can’t use redundancy or termination payments to take cash tax efficiently from their limited company, says James Abbott of Abbott Moore.
�condition.” Why contractors don’t have employment contracts According to Abbott, few contractors have employm� �undancy payment, a worker must have an employment contract with their employer, and they cannot resign or le�
Category: Articles: Contractor Doctor Q+A | Thu, 15 Aug 2013

Contractor Doctor: Is my agency’s restrictive covenant valid after losing PSL status?
Contractors may have grounds for disregarding a restrictive covenant if a former agency makes threats to withhold payment, says Egos’s Roger Sinclair.
�Dear Contractor Doctor I’ve just completed a contract with an agency that has just been dropped from th�
Category: Articles: Contractor Doctor Q+A | Thu, 05 Sept 2013

Contractor Doctor: Do I owe my agency damages after it terminated me for being ill?
Contractors unable to fulfil their contracts due to illness may not necessarily be liable for breach of contract, explains Roger Sinclair of Egos.
�ep in this situation is to determine which of the contracts the agency sent to the contractor actually applie� �Dear Contractor Doctor I was a week into a new contract and I have just been terminated by my agency for�
Category: Articles: Contractor Doctor Q+A | Mon, 14 Oct 2013

Contractor Doctor: How do I handle hostility from my client’s permanent employees?
Contractors countering hostility from their client's employees can adopt a range of strategies to help defuse the situation.
�ractor Doctor I recently started work on a new IT contract for a financial sector client. The team was assem�
Category: Articles: Contractor Doctor Q+A | Thu, 24 Oct 2013

Contractor Doctor: Does signing a new contract after one goes cold put me in breach?
Contractors whose contract terms are changed by an agency are unlikely to be in breach if they accept another contract, says Egos’s Roger Sinclair.
�Dear Contractor Doctor I signed a new contract with an agency to begin on 2nd July. One week lat�
Category: Articles: Contractor Doctor Q+A | Wed, 31 Jul 2013

Contractor Doctor: How can I stay under the VAT threshold when using subcontractors?
Contractors working on one-off major projects that require sub-contracting may be able to avoid registering for VAT, says Abbott Moore’s James Abbott.
�company and register it for VAT to manage the new contract, but must be able to demonstrate that is a genuin�
Category: Articles: Contractor Doctor Q+A | Thu, 15 May 2014