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60% stealth tax grows disguised employment, which could damage genuine contractors
Number-crunching by ContractorCalculator has revealed the UK’s 60% stealth tax on high-earning employees, which could ultimately harm contractors.
�s. The better administration, and enforcement, of IR35 has been promised by the IR35 Forum to be deliver�
Category: News | Wed, 07 Mar 2012

Contractors’ tax and the final legacy of the Office of Tax Complication
The final act of the outgoing government was to burden HMRC, the Treasury and taxpayers with a complex income tax regime even the taxman can’t use.
�administer than they raised. One of those rules, IR35 , has been a particularly costly for contractors,�
Category: News | Wed, 15 Sept 2010

ContractorCalculator: Contracting news in brief – 1/Jul/2016
News this week covers: Call for strategic review of contracting sector: effects of Brexit on contractors; energy industry to need more IT contractors, HMRC IR35 tool not ready
�keep. More... The draft version of HMRC’s online IR35 tool ‘nowhere near ready’ HMRC is currently propo� �Battle cry for strategic review of contracting sector Contractors concerned about recent initiat� �.” More... Oil and gas contractors could find new contracts through switching sector Contractors in the energ�
Category: News | Fri, 01 Jul 2016

ContractorCalculator: Contracting news in brief – 24/Jun/2016
News this week covers: Brexit now a reality; HMRC call costs; North Sea contracts; Germany top contracting destination; and IR35 survey.
�eping UK cities up.” More... Survey on changes to IR35 in the public sector Contractors affected by the� �... North Sea cost cooperation could lead to more contracts Contractors could be among those to benefit from� �n Swiss hiring Contractors looking for their next contract might consider Switzerland. The Michael Page Swis�
Category: News | Fri, 24 Jun 2016

ContractorCalculator: Contracting news in brief – 10/Jun/2016
News this week covers: IR35 reform criticism; Irish contractor demand; decommissioning opportunities; PMIs; digital tax statement; and tax planning.
�Public sector IR35 reforms called into question by recruitment body� �enewable energy could prove prosperous sources of contracts, with many larger firms entering the former marke� �ibility of the role undertaken.” More... Irish IT contract market proves buoyant whilst overall demand remai�
Category: News | Fri, 10 Jun 2016

ContractorCalculator: Contracting news in brief – 11/Sept/2015
News this week covers: Contractor availability growth slows; bogus IR35 claims; engineering contractors benefit from investment; HMRC criticised.
�s calculations in its Intermediaries Legislation (IR35) discussion document which attempts to persuade r� �loyee. The example ignores basic realities of the contracting marketplace, for example that clients always pay�
Category: News | Fri, 11 Sept 2015

ContractorCalculator: Contracting news in brief – 07/Aug/2015
News this week covers: APNs challenge rejected; IR35 proposals criticised; record contracting opportunities; and oil investment.
�and recruitment sector staff at risk from HMRC’s IR35 proposals Contractors and recruitment sector prof� �genous supply of energy for the country.” More... Contracting opportunities at record levels due to outsourcing� �area until at least 2030, safeguarding production contracts and jobs. The news has been welcomed by Oil &� �g and transportation sectors recorded declines in contract activity. More... Contractors benefit from steady�
Category: News | Fri, 07 Aug 2015

ContractorCalculator: Contracting news in brief – 13/Feb/2015
News this week covers: IR35 yield plummets; umbrella expenses; IPSE’s new department; no more PQQs; and HSBC Swiss account holders face SFO probe.
�HMRC’s IR35 tax yield fell to £430,000 during 2013/14, costin� �positive growth territory, three of the five core contracting disciplines slipped down or stayed the same in th� �inue to hire oil and gas contractors on lucrative contracts. A new report by PricewaterhouseCoopers (PwC) hig� �workforce,” believes Kermode. Contractors seeing contract market stabilise, with specialist skills demand s�
Category: News | Fri, 13 Feb 2015

ContractorCalculator: Contracting news in brief – 13/June/2014
News this week covers: record rate increases; Lords’ inquiry brushed aside; HMRC’s poor service; tax policy protection; and new digital VAT rules.
�skills they need.” More... Contractors stuck with IR35, as the government brushes aside Lords’ findings� �Contracting rates increased during May 2014 at a pace not see� �s in output that are predicted to result in fresh contracts. The BDO Business Trends Report and Employment In� �as the fastest since December 2007. The number of contract vacancies and agency billings also grew, coupled�
Category: News | Fri, 13 Jun 2014

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

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