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Contractors could face new HMRC investigation threat to fill UK’s tax gap
With HMRC receiving a £900m war chest, and a tax gap potentially as high as £125bn, is unwelcome attention likely to fall on contractors’ tax affairs?
�tax affairs on a scale last seen in the heyday of IR35 ? Analysing the tax gap estimated by HMRC HMRC es�
Category:
News
| Wed, 03 Nov 2010
Contractors can opt-out of NEST pension but umbrella firms must offer schemes
The latest pension rule changes are broadly positive for contractors, says an expert IFA.
�y profits. For limited company contractors inside IR35 or paying themselves a salary above the threshold�
Category:
News
| Tue, 09 Nov 2010
Contractors seek salary rises
A new study just released by JSA Services shows that contractors feel ready to push for new salary rises of about 10 per cent. But the economic climate may not be right to support them.
�t position, as happened after the introduction of IR35.” Some contractors, in specific skill-set areas,� �nding large pay rises could limit demand or drive contracting offshore.” “The cycle for our industry has been i�
Category:
News
| Thu, 25 Jan 2007
Contractors & small business owners to pay 7.5% more tax on dividends from April 2016
Contractors and small business owners to pay extra 7.5% tax following dividend tax reforms, works out at £2,400 more a year for basic rate payers.
�haplin. “That this measure, alongside a review of IR35 and a consultation on the future of umbrella and�
Category:
News
| Wed, 08 Jul 2015
Contractors stand to gain little and lose more from ‘political’ Budget
Contractors can expect a multitude of small tax increases with few gains, and there are no changes to IR35, income shifting or umbrella expenses.
�are no changes to core contractor issues, such as IR35 , Section 660 , umbrella expenses and NICs on div� �made to make available 15% of central government contracts to SMEs and pay 80% of invoices within five days.�
Category:
News
| Wed, 24 Mar 2010
Contractor relief as Chancellor announces low-impact measures in the PBR
Contractor relief as ‘the most flexible labour force in Europe’ benefits from low-impact budget, but banking and tax avoidance schemes are targeted.
�courage lower emission vehicles. Contractor taxes IR35 and income shifting regulations remain unchanged,� �ling had very little to comfort the UK’s hard-hit contracting community. Despite that, most contractors are lik�
Category:
News
| Wed, 09 Dec 2009
Surprise at contractor-neutral Pre-Budget Report, but pensions fallout still unclear
Contractor service providers express surprise at the low impact of the PBR, but the full story of the impact on pension plans is yet to come.
�ell as limited company contractors working inside IR35 ,” continues the IFA expert. “The freeze in the h� �Contracting sector commentators have expressed surprise at th�
Category:
News
| Fri, 11 Dec 2009
ContractorCalculator Market Report April 2012
Contractors in the core contracting disciplines of engineering, IT & interim management continue to experience sustained demand and positive outlooks.
�more than two years, possibly putting them inside IR35, nearly one in five works for more than one clien� �Contractors in the core contracting disciplines of engineering, IT and management con� �er term challenges for the sector.” Public sector contracts account for a third of interim management assignm� �in 2010. Over four out of five members were in a contract during the survey period in September 2011. And,�
Category:
News
| Fri, 30 Mar 2012
80% of self-employed don’t want employment rights, reveals survey
Government must acknowledge that freelancers aren’t vulnerable workers and don’t want employment rights, says ContractorCalculator following survey.
�s, 74% pointed out that it would compromise their IR35 tax status and complicate their tax affairs. More� �time off, two thirds reported that they negotiate contracts around pre-arranged holidays, whilst 31% said the�
Category:
News
| Tue, 25 Oct 2016
Contractor numbers and the contracting landscape in the UK and Europe
Contractor numbers continue to grow, and the contracting landscape is constantly evolving shows research, but the sector also faces challenges.
�ll personal service company contractors caught by IR35 – have lost access to travel and subsistence expe� �s more workers actively choose to start their own contracting and freelance business. This is the conclusion dr� �o do so to meet criteria for suppliers on certain contracts. Meanwhile, only 34% claimed that tax savings pla� �nds, Poland and France have more rapidly evolving contract markets than the UK How large is the UK’s contrac�
Category:
News
| Thu, 26 May 2016
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