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ContractorCalculator: Contracting news in brief – 18/July/2012
News this week covers: contracting now mainstream; finance contracts surge; record high self-employment; new interim guide; and accelerated payments.
�ng income tax and NICs could affect dividends and IR35 The potential merger of income tax and National I� �Contracting now mainstream, with one in five having been cont� �financial contractors experienced a surge in new contracts in London’s financial centre during June 2014. Th� �ccounting and IT contractors see financial sector contract surge in City IT and financial contractors experi�
Category: News | Fri, 18 Jul 2014

ContractorCalculator: Contracting news in brief – 31/Oct/2014
News this week covers: BETs abolished; BBC test judicial review; late payment; high paying contracts; paper tax return deadline; & simpler CT filing.
�Contractors no longer be required to use the IR35 Business Entity Tests (BETs) Contractors will no� �offer increased capacity and specialist skills to contracting clients that increasingly adopt lean workforce st� �have been given insights into the highest paying contracts and the skills they need to win them. Umbrella co� �kills.” The core contracting disciplines dominate contract and temp work in the UK, accounting for 35.9% of�
Category: News | Fri, 31 Oct 2014

General Election 2017: IPSE chief calls on politicians to acknowledge self-employed
More is required of political parties to recognise and reward the self-employed, says IPSE chief executive Chris Bryce ahead of the General Election.
�s auto-enrolment and a portable benefits system.” IR35 headlines tax initiatives for IPSE Inevitably, ta� �isions for the self-employed. One of the perks of contracting is most contractors earn substantial day rates, m� �to stand up and take note of the UK’s flourishing contract and freelance sector both before and after the ba�
Category: News | Tue, 06 Jun 2017

Will Theresa May give a boost to contractors?
Contractors have cause for optimism, after talks between Theresa May and stakeholders indicated that her leadership may bring change for the better.
�successive Governments since the introduction of IR35 17 years ago. The meeting, attended by the Associ� �leadership, after speaking directly with various contracting stakeholders at a roundtable event last week at D� �5 reform is undoubtedly the main priority for the contract sector at this moment, we’re optimistic that thes�
Category: News | Thu, 11 Aug 2016

COVID-19: Limited company contractors excluded from self-employed support package
Limited company contractors are excluded from measures unveiled by Chancellor Rishi Sunak to support the UK’s self-employed through COVID-19.
�to the fire concerning the ongoing debate around IR35 and the Off-Payroll legislation. There were numer�
Category: News | Fri, 27 Mar 2020

Lords call for HMRC Powers Review as Loan Charge is slammed
A Lords report has slammed the taxman’s efforts tackling tax avoidance and evasion, recommending an independent body is formed to prevent HMRC abuse.
�k is done to expose the link between the original IR35 iteration and HMRC’s reaction to the use of schem�
Category: News | Tue, 04 Dec 2018

Supreme Court judgment exposes HMRC's misguided stance on employment status law
HMRC’s stance on MOO has again been disproven in court; this time as the Supreme Court rejects an appeal against the infamous Pimlico Plumbers ruling.
�s judgment followed earlier judgments relevant to IR35, and specifically mutuality of obligation, such a� �sition The Court deliberated over whether Smith’s contract with Pimlico cast obligations on him during perio�
Category: News | Wed, 13 Jun 2018

How income tax is calculated
Contractors are liable to pay tax on their total income. Calculating how much income tax a contractor pays depends on the nature of their earnings.
�mbrella company contractors , and those caught by IR35 , will pay income tax on their salary. And someti�
Category: Articles: Tax Issues | Tue, 16 Apr 2013

How contractors pay more tax than employees
Contractors raise more tax than equivalent employees, despite HMRC’s worked examples in its IR35 discussion document that try to prove the opposite.
�s calculations in its Intermediaries Legislation (IR35) discussion document try and prove that employees� �00 per year. This is assuming they work a typical contracting work pattern of five days per week for 46 weeks.�
Category: News | Tue, 08 Sept 2015

Contracting via a limited company. An overview of the start-up process
Contracting via a limited company is straightforward, as long as contractors get the basics right from the outset, says InTouch’s Clare Rickman.
�000 per year in fees, or their contract is inside IR35 , then a limited company may not be right for the� �Contracting via a limited company can be straightforward, as� �g to earn over £30,000 per year in fees, or their contract is inside IR35 , then a limited company may not b�
Category: Articles: Limited Companies | Wed, 27 Jul 2011

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