^ TopPersonal and Company Taxation
Contractors should understand margins and tax
Contractors need to understand the rules about how they are paid.
Contractor tax: limited company and personal taxes explained
Depending on how you structure your finances and your IR35 status will depend on the type and level of taxes you need to pay.
Dividends – calculation, payment and taxation
Contractors using limited company structures can get significant tax advantages by paying themselves dividends. This article explains how dividends work.
A guide to UK tax codes
What does your tax code mean and how does it effect how much tax you pay?
Self assessment for contractors - tax
A guide to the annual self assessment tax return for contractors.
Tax on employer provided assets and computers
Tax issues relating to the personal use of company assets and computers used by employees.
Contractor doctor: how do umbrellas calculate contractors’ national insurance
When contracting inside of IR35, employer's National Insurance contributions are calculated on the gross income billed to the client.
^ TopTax Inspections
HMRC PAYE/NI tax inspections explained
A guide to Inland Revenue tax inspections, explaining the preparation and process of the HMRC PAYE/NI tax inspection.
HMRC self assessment (SA) investigations – how they work
Explains the process of a HMRC Self Assessment investigation.
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.
Minimising the risk of a HMRC inspection
Discusses the issues that raise alarm bells with HMRC, and advises how to minimise the risk of an investigation.
What triggers an HMRC IR35 investigation?
IR35 inspections are time consuming and potentially very costly. We discuss reasons why you might be selected for inspection and how to avoid one.
Taxman’s tactics – what contractors should look out for when an IR35 investigation looms
Contractors should avoid trying to deal with a tax inspection without the benefit of specialist help, says former tax inspector Carl Whittaker from Qdos Consulting, who explains what can go wrong.
Contractor HMRC inspections: do you have your IR35 life raft ready?
All contractors are HMRC investigation targets but will have nothing to fear with an ‘IR35 life raft’, as Carl Whittaker of Qdos Consulting explains.
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’ guide to the flat rate VAT scheme
Many contractors can benefit from the flat rate VAT scheme by simplifying their accounts and enjoying a cash surplus at the end of each VAT period.
Filing a late VAT return for a contractor limited company
Submitting a late VAT return or delaying VAT payments to HMRC can result in surcharges and flagging the company for inspection.
^ TopIR35 and Section 660
What is IR35?
Explains what IR35 is and how it affects contractors.
Financial impact of IR35 on contractors
A contractors take home pay is reduced by up to 25% when caught by IR35.
The IR35 5% expenses rule
Explains the Inland Revenue 5% expense rule for contractors caught by IR35.
What is section 660?
What is Section 660? An overview of the legislation and how it affects contractors.
How much will section 660 cost contractors?
This article explains which contractors will be affected by Section 660 and how much it will affect them financially.
^ TopMitigating Tax
Reducing the IR35 pain with a contractor pension
Reduce the pain of IR35 by diverting your IR35 taxes into a pension and achieve up to 48% tax relief.
Inside IR35? get huge tax savings with a pension
If you are caught by IR35 and currently do not have a pension, then you are missing out on huge tax savings.
Outside IR35 and no pension? Get tax savings with a pension
If you are contracting outside IR35 and don’t have a pension, you are missing out on significant tax savings.
Childcare vouchers can cut contractor tax liabilities
Limited company and umbrella company contractors with children can reduce tax bills by claiming childcare vouchers, explains Clair Jolly of Danbro.
Tax Tables: 2009 | 2008 | 2007 | 2006 | 2005 | 2004