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Contracting News - Latest Updates: Page 55

Contractors who migrated to UK can stay, court says
Highly skilled contractors who came to the UK under the previous visa programme, and who were attacked under the new points-based system, can stay in the UK, a judge ruled on April 8, 2008.

Contractor calculator market report - April 2008
A slight slowdown in job offers due to the Easter holiday, but demand is predicted to remain strong right through the UK economic woes. Engineering saw a slight drop, but electronics and construction experienced no decline.

We need the contractor migrants
East European migrants who came here to work are leaving the UK in droves. Far from being a threat to UK contractors, they have filled necessary gaps in the labour

High-tech contractors excluded from agency workers legislation
High-tech contractors are to be excluded from Agency Workers Legislation

Contracting industry veteran parasol qualifies for professional passport certification
The pioneering umbrella company Parasol has been certified as having the highest possible professional standards by Professional Passport.

CIOT tells contractors: ''IR35 doesn't work''
Richard Mannion, chairman of the Owner-Managed Businesses group at the Chartered Institute of Taxation, slams IR35 as being unworkable and calls for a new review of contractor tax issues.

An end to expense deductions for IR35-caught contractors?
A source close to the Treasury has told ContractorCalculator that HMRC is seriously considering cutting out the expenses deductions for IR35-caught contractors.

Credit crunch doesn't bite on contractors
A study released on March 31 by the Confederation of British Industry shows that small business is little affected by the credit crunch.

City contractors could see decline in demand through VAT budget provision
Contractors who work for banks could all see a decline in demand due to a change in the VAT concessions provision in the first Darling Budget.

David Drew: labour mps seek way forward for contractor taxation
In an interview with ContractorCalculator, Labour MP David Drew explains an Early Day motion to seek to change the ways in which contractors and small business are taxed.

Interview: shadow defence secretary liam fox slams mod contractor policy
Conservative Shadow Defence Secretary Liam Fox told Contractor Calculator that the MoD's 11-month rule ''had budget restraints written all over it.''

Contractors must now fear lightning inspections from HMRC
Amidst all the new ''powers'' that HMRC is demanding, along with the right to interrogate your client about your IR35 status, is the right to show up at your home or office and review your tax records.

Scotland contracting market hits three-month high
Despite all the ''crunches'' and ''squeezes,'' you've been reading about, the contracting market in Scotland is at a three-month high.

Exclusive: MOD 11-month rule raises uproar with contractors and agencies
The Ministry of Defence has imposed a rule that forbids contractors who work through agencies from staying on the job longer than 11 months. Agencies and contractors are in uproar.

Contractors see a few bright spots in the gloomy labour budget
Contractors don't usually take advantage of government incentives, but there are a few in the otherwise gloomy budget worth noting: special loans, funds to encourage women in business, limits on regulation, public contracts.

Gloomy budget offers little to contractors and business
The first Alistair Darling Budget offers little to contractors or to business in general, but the infamous income shifting proposal has been delayed for a year.

Income shifting laws delayed until 2009
The infamous income shifting law has been delayed until 2009. This is in spite of protest from small business and objections from all major tax organisations.

Bad news budget expected for contractors
The first Alistair Darling Budget to be announced tomorrow is full of bad news for contractors, small business, and the nation at large. It is also likely to include the Treasury's infamous 'income shifting' proposal as well.

Government's income shifting attack on contractors causes loss of confidence
The Government attacks on contractors, including the income shifting proposal, have caused a drastic loss of confidence in it.

Contractors must fear HMRC's IR35 'interviews'
HMRC is seeking to have the right to ''interview'' clients in IR35 cases without regard to accuracy and use it in court. PCG points out that this is not a recipe for a fair hearing.

Contractor calculator market report - March 2008
Some economy-related slowdown noted in February although the picture appears to be stablising.

First contractor job losses seen from agency workers legislation
The first contractor job losses due to the impending Agency Workers legislation have been named by the Direct Marketing Association. The Association seeks an exemption from the proposed law.

Libdem treasury spokesman is grim on family business tax
At a press conference of the Professional Contractors Group, Liberal Democrat Treasury Spokesman Jeremy Browne was grim about the prospect of blocking the proposed Family Business Tax.

What does the agency workers directive mean to contractors
Does the Agency Workers Directive mean the end of contracting in the UK?

House supports UK contracting industry in debate on agency workers
The Government has prevented the enactment of the Agency Workers Bill.

Contractors and umbrellas see no challenge in expense handling
There is really no difficulty for contractors in handling expenses with their umbrella companies. Just document all your expenses, and don't cheat.

CBI wants assurances on agency workers directive commission
The CBI is demanding assurances before beginning negotiations with the TUC on the proposed Agency Workers Commission

Contractors could see change on family business tax
Unofficial reports from Downing Street is that the Chancellor is planning to lighten up on the family business tax

Contractors can give their time to charities with timebank
Timebank and its related sites offer a means for contractors to donate their time to charities--and sometimes you can even donate virtually.

Agency workers directive commission proposal threatens all contractors
Gordon Brown is trying to mediate a battle between big business and the trade unions over the Agency Workers Directive, which will effectively oblige contractors to be paid as employees.

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