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Contractors planning to use ESC C16 should do so before £25K cap starts in March 2012
Contractors planning to retire or find a permanent job and close their company via ESC C16 should do so before a new cap of £25,000 starts in April 20
�to retirement with a large cash balance in their contracting business, the change in the law could result in s�

Category: News | Fri, 16 Dec 2011


Breaking news: 10,000 HMRC inspectors being hired to target ‘disguised businesses’
Exclusive: Buried in the post-Budget Finance Act are plans for 10,000 extra HMRC inspectors to enforce new rules targeting ‘disguised businesses’.
�d of the tax year at midnight on 31 March 2012. A contract of service is not enough According to freshly-dra�

Category: News | Fri, 30 Mar 2012


Contractors’ guide to the flat rate VAT scheme
Contractors can benefit from the flat rate VAT scheme by cutting admin & potentially enjoying a cash surplus, explains Abbott Moore’s James Abbott.
�AT percentages (as at tax year 2013/2014) for key contracting sectors include: Computer and IT consultancy or d�

Category: Articles: Tax Issues | Tue, 24 Apr 2012


PCG offers help to contractors under new CIS scheme
The PCG is offering services to contractors in the construction industry who must cope with the Government's new CIS scheme.
�managed service company rules have proven for the contracting industry,'' says PCG director Julie Stewart. A Wa�

Category: News | Mon, 16 Apr 2007


PCG survey shows contractors fear HMRC; call for safeguards
PCG survey shows contractors want improved tax law. PCG is also calling for the Revenue to be held responsible for rogue investigations.
�says PCG policy director John Kell, ''is that the contracting industry is treated as suspect, as though there i�

Category: News | Fri, 10 Aug 2007


HMRC VAT inspection - preparation and process
How to prepare and what to expect when HMRC conduct a VAT inspection
�chase invoices All supporting documentation, e.g. contracts, correspondence, etc. Bank statements Your VAT ce�

Category: Articles: Tax Issues | Wed, 10 May 2006


Contractors with large company cash reserves need to act now to save thousands in tax
Limited company contractors have little time left to tax-efficiently distribute cash reserves through an MVL, before new regulations come into force.
�iest way to comply with the TAAR would be to stop contracting and secure PAYE employment. Or a contractor could� �d in the process. “There are many contractors who contract for a few years before utilising MVL’s and using�

Category: News | Tue, 19 Jan 2016


Government contractor T&S changes are ill-informed, SNP politician claims
Contractor T&S changes are representative of a Government ignorant to the complexities of the modern labour market, claims Roger Mullin of the SNP.
�. Prior to the implementation of the legislation, contracting bodies warned that restrictions would intensify s�

Category: News | Thu, 19 May 2016


Moving buy-to-let properties into a company - issues to consider
Contractors might be able to mitigate the impact of buy-to-let tax changes by putting rental income into a company, says James Abbott of Abbott Moore.
�o have to find.” Contractors urged not to combine contracting and rental income For contractors who receive suf�

Category: Articles: Tax Issues | Wed, 25 May 2016


Contractors’ guide to VAT
VAT is a contractor’s best friend if treated right, or worst enemy unless care is taken to keep to the rules. Here’s how to keep the VAT-man happy.
�Contractors who work through their own contracting limited company can potentially save a significan� �y that is not registered for VAT and only used on contracts with clients who cannot reclaim VAT, so that the� �VAT registration a disadvantage? Contractors who contract directly with their clients, rather than an agenc�

Category: Articles: Tax Issues | Wed, 07 Mar 2018


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