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The oil & gas sector can offer the Chancellor a lesson on contractor taxation
Contractors, like oil & gas firms, are highly mobile. Tax them too heavily and they will ply their trade, pay taxes and spend their money elsewhere.
�tegies may be. Like the oil and gas industry, the contracting, creative and entrepreneurial sectors look like h� �Sea development generates up to 20,000 well-paid contracts and jobs. Those workers in turn pay vast amounts�
Category:
News
| Tue, 17 Jul 2012
Hey, HM Government: What’s it to be? Tax or growth? It’s your call...
Government needs to stop demonising contractors as tax avoiders and recognise and reward them for the support provided to the UK’s engines of growth.
�y Oil & Gas UK predicts will create 4,000 new contracts and jobs and £600m for the exchequer. Why can’t t�
Category:
News
| Wed, 25 Jul 2012
Off-payroll and controlling persons: unworkable complications benefitting nobody
As if IR35 could get more complicated: the Government that brought us the Office of Tax Simplification now brings us more unworkable tax legislation.
�competitive advantage in the global marketplace – contracting. A confused-to-the-point-of-being illogical admin� �lf: even the largest of government suppliers with contracts worth billions must maintain certain standards an� �y’s guidance suggests that contractors use HMRC’s contract review service as an alternative, a route not man�
Category:
News
| Mon, 13 Aug 2012
As contracting becomes ever more key to UK growth, why do coalition attacks increase?
Contractors are increasing in number and the sector is growing in importance. So why is contracting the target of increasing government attacks?
�Contractors are growing in number, the contracting sector is becoming an ever more important solutio� �ntroduced in October 2011 are costing contractors contracts, and new contracts are being shortened as a resul�
Category:
News
| Mon, 20 Aug 2012
The UK’s financial plumbing needs fresh thinking to reduce leakage, not more patches
The UK’s financial plumbing is not delivering the required flow of National Insurance Contributions. We need fresh thinking, not legislative patches.
�that has reduced because more people are choosing contracting and self-employment. We certainly don’t need more� �tive security of employees. Indeed, their current contract may be their last, if they don’t invest in their�
Category:
News
| Thu, 23 Aug 2012
The one bit of common sense in the original IR35 legislation has just been ditched
As the off-payroll rules take effect, underpinned by the business entity tests and IR35, the outcomes are likely to be higher costs & poorer services.
�government departments. Some managers will accept contract reviews by external agencies, retain genuine cont�
Category:
News
| Mon, 10 Sept 2012
‘Soaking the rich’ won’t raise more tax: the UK needs vision & leadership for growth
The ‘rich’ already pay more than half of all tax. New tax can only come from the ‘squeezed middle’. But what the UK really needs is a growth strategy.
�ck of vision and leadership. What the UK, and the contracting sector, really needs is an economic growth strate�
Category:
News
| Sun, 30 Sept 2012
Has the Labour movement finally got contracting?
Contractors and the Labour movement have not been natural bedfellows. But a new Fabian Society report may indicate Labour’s changing perceptions.
�tershed and has the Labour movement finally ‘got’ contracting? Actually, you wouldn’t think that from the first�
Category:
News
| Wed, 14 Nov 2012
Media contractor conundrum: BBC caught between a rock and a hard place
Media contractors should pay more tax, the BBC is told by the MPs. But this reduces value and increases costs to the taxpayer. What’s the BBC to do?
�nd entertainment sector than it will in the wider contracting sector. Many entertainers are told where, when, w� �C employees, they will be lured to more lucrative contracts with rival broadcasters, remaining as contractors�
Category:
News
| Wed, 21 Nov 2012
The economy and growth: a ‘perfect storm’ of demand for contractors?
Contractors may be on the edge of a ‘perfect storm’ of demand as the UK teeters on the brink of economic recovery and a growth strategy is released.
�ncluded that European economies that have vibrant contracting and freelance communities have outperformed those� �d, the result may well be many more public sector contracts, particularly in disciplines such as procurement�
Category:
News
| Thu, 22 Nov 2012
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