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ContractorCalculator: Contracting news in brief – 26/Aug/2016
News this week covers: rising IT contract rates; tax avoidance backlash; construction boost; digital tax concern; and clients adopt digital platforms.
�t year. Construction firm Kier has also won three contracts totalling more than £5bn, providing early indicat� �Cyber-security talent shortfall driving up IT contract rates Cyber-security concerns and ongoing skills�
Category:
News
| Fri, 26 Aug 2016
BBC Moneybox exposes FCSA umbrella accused of withholding £000’s from contractors
An FCSA-accredited umbrella company has been accused of withholding thousands of pounds in holiday pay, BBC Radio 4’s Moneybox programme reports.
�mpany was determined by the client. Steve and his contracting colleagues were subject to a period of enforced m�
Category:
News
| Mon, 22 Mar 2021
Holiday Pay Reform: New laws bring clarity for casual and part-time workers
New Employment Rights Regulations will clarify holiday pay for casual and part-time workers from 1 January 2024.
�urs workers' and 'part-year workers' on permanent contracts. The new provisions in The Employment Rights (Ame� �om Harpur Trust engaged on a permanent zero-hours contract. She worked and was paid only during term time. P�
Category:
News
| Thu, 09 Nov 2023
New VAT rate rules for contractors – changes due to the 20% rate from 4 January 2011
Limited company contractors will be required to change their invoices & VAT return accounting when VAT increases from 17.5% to 20% on 4 January 2011.
�for sales that span the rate change on 4 January: Contracts started before 4 January 2011 and completed after� �, for example, a contractor started work on a new contract on 4 January and submitted an invoice after worki�
Category:
Articles: Tax Issues
| Wed, 24 Nov 2010
Contractor VAT invoices and returns – a guide to VAT rate changes from 1 January 2010
VAT rates are set to return to 17.5% on 1 January 2010, which means contractors will have to adjust their invoices and VAT returns accordingly.
�l client that cannot reclaim its VAT, and you are contracting direct with no agency in the chain, then remember� �ompleting the VAT return. VAT and negotiating new contracts During contract negotiations, most contractors qu� �return. VAT and negotiating new contracts During contract negotiations, most contractors quote hourly or da�
Category:
News
| Tue, 01 Dec 2009
Thousands of contractors face backdated tax bills as BN66 case is lost in High Court
Thousands of contractors face backdated tax bills as the High Court rules that retrospective impact of BN66 does not breach European human rights law.
�d penalties. According to Crawford Temple, CEO of contracting sector compliance body Professional Passport , th�
Category:
News
| Fri, 29 Jan 2010
Contractor limited company VAT inspections – preparation and process
Contractors who have been selected by HMRC for a VAT inspection should not be concerned if they have stuck to the rules and are well prepared.
�VAT certificate Any supporting documents, such as contracts and relevant correspondence. The inspector normal�
Category:
Articles: Tax Issues
| Mon, 27 Jul 2009
Contractor guide to tax credits from HMRC: working tax credit and child tax credit
Contractors can qualify for tax credits from HMRC and should submit a claim in case their income unexpectedly falls, says Abbott Moore’s James Abbott.
�rwork. “Many contractors could spend their entire contracting career without ever qualifying for tax credits,”� �income drops, say for an extended period between contracts or on the birth of a new child. Eligibility crite� �ny, rather than a client. “Searching for the next contract opportunity, networking, checking job boards, app�
Category:
Articles: Tax Issues
| Mon, 08 Aug 2011
HMRC signals new direct attack on contractors, citing disguised remuneration
HMRC has promised to challenge schemes that are being marketed to contractors as a way of getting around new disguised remuneration rules.
�r direct attack on contractors, and shows how the contracting community is seen as ‘easy pickings’ by revenue c�
Category:
News
| Wed, 24 Aug 2011
Contractor guide to negotiating personal tax payments on account with HMRC
Contractors experiencing a sudden fall in income might need to reduce their payments on account with HMRC explains James Abbott of Abbott Moore.
�ddenly, perhaps due to a prolonged period between contracts, or a rental property being empty, the payment on�
Category:
Articles: Tax Issues
| Wed, 14 Dec 2011
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