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Brexit and contracting: UK200Group asks should we stay or should we go? Part II
EXCLUSIVE: UK200Group discusses potential changes to regulations and legislation impacting on contractors at EU referendum debate.
�iance costs, tax rules generate much uncertainty. IR35 is just one example of legislation that has been�
Category:
News
| Tue, 21 Jun 2016
ContractorCalculator: Contracting news in brief – 02/Oct/2015
News this week covers: Another T&S relief review; contractor Dividend Tax protests go unheard; finance sector drives rise in contractor demand.
�s a launch pad to propose plans for the future of IR35 and contractor travel and subsistence expenses ta� �the Government could do no further damage to the contracting sector, we are now faced with the possibility of� �using limited companies would have to stop taking contracts altogether, while 76% expressed concern that they� �ase to a buoyant finance sector, where contractor contract opportunities have risen by 7%. “It is no surpris�
Category:
News
| Fri, 02 Oct 2015
10 easy steps to set up a limited company and start contracting
You have several options in setting up a limited company, but it's all easy enough, and most accountants will handle it all for you. Here's how.
�r example, courts will look closely at this in an IR35 case. You can write this document yourself, but i�
Category:
Articles: Limited Companies
| Wed, 29 Aug 2018
Contractor guide to dividends and dividend tax credits
Contractors pay themselves via a combination of low salary and dividends, but calculating how much income tax to pay on dividends can be complicated.
�Limited company contractors outside IR35 typically pay themselves a salary up to the Natio� �into the company or, as is usually the case with contracting businesses, declared as a dividend and distribute�
Category:
Articles: Limited Companies
| Thu, 03 Apr 2014
Lords slam Off-Payroll proposals in letter to Government
The House of Lords Finance Bill Sub-Committee has condemned the Off-Payroll Tax proposals in a letter to the Financial Secretary to the Treasury.
�ce, which often takes the form of blanket ‘inside IR35’ assessments by clients. However, this wasn’t ove�
Category:
News
| Tue, 21 Apr 2020
UK Expat Contracting
Articles and advice for expat contractors in the UK.
�se their contracting earnings. An introduction to IR35 for expat and overseas contractors new to UK cont� �Home UK Expat Contracting UK Expat Contracting Contents: Accepting a contra� �ative contract deals. UK contract law and signing contracts – what the expat contractor needs to know� �acting UK Expat Contracting Contents: Accepting a contract Benefits to UK contracting Contracting markets Fi�
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Contents Pages
Should contractors use agents to find contracts?
Examines the financial issues and practicalities when deciding whether to use agents to find contracts or go it alone.
�gency mark up: 15% [They charge for £46 per hour] IR35 status: outside [although for this argument it ma� �much higher rate (if any) simply because you are contracting directly. Let’s assume a current contract with th� �hing like ‘I think I can get you more than that.’ Contracts which have no fixed margin agreement provide an o� �ns when trying to find work: Use agencies. Find a contract yourself. This article examines the financial con�
Category:
Articles: Job Search
| Fri, 20 Apr 2007
Tax efficient distribution of contractor funds using members’ voluntary liquidation
Contractors closing a limited company with cash in excess of £50,000 can use a members’ voluntary liquidation (MVL) to extract funds tax efficiently.
�at any risks associated with the company, such as IR35 or claims from clients, are minimised. Alternativ� �ontractors to consider exit strategies from their contracting business well before the end of their company’s l�
Category:
Articles: Limited Companies
| Thu, 31 Jan 2013
Using recruitment agencies to hire contractors
Agencies can remove much of the burden of finding and hiring contractors from a client and can also add value, explains Ashley Cooper of Parc Ellis.
�lations and opt-outs , debt transfer provisions , IR35 and other tax legislation, plus employment rights� �hen look online and find the agencies advertising contracts like the one you want to advertise. Pick two or t� �tinues Cooper. “And transparency when it comes to contract rates is vital. No-one expects an agency not to h�
Category:
Articles: Hiring Contractors
| Tue, 24 Nov 2009
Questions remain over umbrella worker support entitlement under JRS
Industry stakeholders have called for clarity on the JRS amid concern that umbrella workers will only receive an entitlement based on an NMW pay rate.
�commission payments’, many umbrella models issue contracts that refer to such payments as a ‘discretionary p� �er only signing up to arrangements where the full contract rate is paid via PAYE, just in case the coronavir�
Category:
News
| Mon, 06 Apr 2020
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