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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

Contractor guide to the advantages and disadvantages of being VAT registered
Contactors unlikely to earn more than £79,000 are not required to register for VAT, but there are advantages and disadvantages to non-registration.
�there are some advantages to non-registration for contracting businesses. The first is the reduction in adminis�
Category: Articles: Tax Issues | Tue, 24 Sept 2013

Contractor guide to the General Anti-Abuse Rule (GAAR)
Contractors should take into account the General Anti-Abuse Rule (GAAR) when making tax-planning decisions, says James Abbott of Abbott Moore.
�houldn’t be a target. GAAR may become a threat to contracting in 5-10 years But Abbott’s concern is that HMRC h�
Category: Articles: Tax Issues | Thu, 11 Apr 2013

Tax residency rules for individual contractors and contractor limited companies
Contractors and their limited companies are subject to legislation that clarifies their tax residency status, explains James Abbott of Abbott Moore.
�t of time in order that they can deliver on their contracts.” Depending on how many ties a contractor has, an� �xed in the UK. When working on a typical overseas contract where the contractor works from the client’s offi�
Category: Articles: Tax Issues | Wed, 12 Jun 2013

Contractor guide to optimising VAT and the Flat Rate Scheme when starting out
Contractors can time their VAT and Flat Rate Scheme (FRS) registration to optimise VAT recovery when starting up, says James Abbott of Abbott Moore.
�mise their VAT recovery when first starting their contracting careers. “ Limited company contractors should tim�
Category: Articles: Tax Issues | Tue, 13 May 2014

Difference between tax avoidance and tax evasion
Contractors can use strategies for tax avoidance as the practice is perfectly legal, whereas deliberate tax evasion is illegal and a criminal offence.
�ately don't pay the tax they should HMRC In a contracting context, this could involve deliberately falsifyi�
Category: Articles: Tax Issues | Thu, 29 May 2014

Contractor tax avoidance schemes – understanding the benefits and risks
Contractors entering into tax avoidance schemes might find that they work, but there can be many pitfalls, as James Abbott of Abbott Moore explains.
�s, this is not an issue. But Abbott has seen many contracts from clients that stipulate no offshore entities� �s are particular about the entity with which they contract. For regular limited company contractors, or umbr�
Category: Articles: Tax Issues | Thu, 03 Jul 2014

Contractor Doctor: Can I receive a tax-free redundancy payment from my ltd company?
Contractors can’t use redundancy or termination payments to take cash tax efficiently from their limited company, says James Abbott of Abbott Moore.
�condition.” Why contractors don’t have employment contracts According to Abbott, few contractors have employm� �undancy payment, a worker must have an employment contract with their employer, and they cannot resign or le�
Category: Articles: Contractor Doctor Q+A | Thu, 15 Aug 2013

Contractor Doctor: Is my agency’s restrictive covenant valid after losing PSL status?
Contractors may have grounds for disregarding a restrictive covenant if a former agency makes threats to withhold payment, says Egos’s Roger Sinclair.
�Dear Contractor Doctor I’ve just completed a contract with an agency that has just been dropped from th�
Category: Articles: Contractor Doctor Q+A | Thu, 05 Sept 2013

Contractor Doctor: Do I owe my agency damages after it terminated me for being ill?
Contractors unable to fulfil their contracts due to illness may not necessarily be liable for breach of contract, explains Roger Sinclair of Egos.
�ep in this situation is to determine which of the contracts the agency sent to the contractor actually applie� �Dear Contractor Doctor I was a week into a new contract and I have just been terminated by my agency for�
Category: Articles: Contractor Doctor Q+A | Mon, 14 Oct 2013