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71% ltd company it contractors expect to pay more tax following budget
71% of limited company IT contractors expect to be paying more tax as a result of the Budget according to survey.
�eality, assuming your contracts are not caught by IR35, limited companies remain the most tax efficient� �" James Leckie, MD of contractor start-up site IT Contracting said: "In reality, assuming your contracts are no� �e IT Contracting said: "In reality, assuming your contracts are not caught by IR35, limited companies remain�
Category: News | Tue, 30 Mar 2004

PCG launches appeal fund for Bill Hood after IR35 loss
PCG has launched an appeal fund for Bill Hood, to which members and non-members alike are invited to contribute.
�e company is Usetech Limited, had lost his recent IR35 case against the Inland Revenue at the Special Co�
Category: News | Tue, 06 Apr 2004

Interview with umbrella company parasol it
Interview with Rob Crossland, Service Director of Parasol IT Plc about his umbrella company and the practicalities and benefits of moving to an umbrella solution.
�with their low service efficient returns post the IR35 rulings. We interview Rob Crossland, Service Dire� �le coming into the UK from abroad and coming into contracting. Of the people coming from Ltd Co’s to us they se� �of the economic society we are now in. Temporary contracts and the associated way of working will, in my opi�
Category: News | Mon, 08 Mar 2004

The BIG Umbrella Survey: Please help shape future regulation NOW!
By spending 6 minutes completing the survey, you can help directly inform Government policy to improve umbrella working conditions.
�as covered include choice, holiday pay, pensions, IR35 issues, conduct regulations, and tax. This survey�
Category: News | Mon, 11 Sept 2023

Advantages and disadvantages of contracting
Contracting offers skilled knowledge workers much more than the opportunity to substantially increase their earnings, although pay’s a major factor.
�minimise the time you spend running your business IR35: This is a limited-company-contractor-focused pie� �Contracting can deliver skilled knowledge workers a huge rang� �ours and locations Holidays: When you are between contracts, you can choose to take as much or as little time� �you want more money, you can choose a better paid contract) Improved work/life balance: It is amazing how mu�
Category: Articles: First timers | Thu, 12 Oct 2017

Why contractors make more money than employees
Employees make less money than contractors. It’s that simple. Taxes and the inability to deduct expenses take a terrible toll on what employees earn. Contractors don’t have these burdens.
�es the necessary steps to ensure they are outside IR35 . The cost to the company is the same. The contra� �this way, the reality is, that if you manage your contracting career and keep yourself in work, the rewards are�
Category: Articles: First timers | Mon, 21 Aug 2017

Opting out should increase IT contractors pay packets
Top end IT contractors can achieve even higher rates by opting out of the recently implemented Conduct of Employment Agencies and Employment Business Regulations.
�y, in order for contractors to help protect their IR35-exempt status. "IT contractors should resist the� �, contractors cannot actually opt out of existing contracts as at 6 July 2004. Roback advises that, given the� �nificant majority either had or were proposing to contract out when a suitable assignment was offered. Under�
Category: News | Tue, 03 Aug 2004

How National Insurance Contributions (NICs) are calculated
Contractors may be liable to pay National Insurance Contributions (NICs). Calculating how much should be paid depends on the nature of their earnings.
�Most limited company contractors working outside IR35 pay little or no NICs because they pay themselves� �agency payroll and those on fixed-term employment contracts do. Unlike income tax, NICs are only applied to a� �cy payroll and those on fixed-term employment contract pay NICs Class 1 NICs rates for the 2013/14 tax y�
Category: Articles: Tax Issues | Thu, 02 May 2013

ContractorCalculator: Contracting news in brief – 28/July/2016
News this week covers: IR35; support PRISM’s strategic review; FCSA refutes PSC claims; Brexit impact; skills shortage concerns; and HMRC warning.
�HMRC confirms plans to proceed with public sector IR35 reforms Plans to reform the policing of IR35 in t� �your help to support a strategic review into the contracting sector - and combat the Government’s ‘sticking pl� �Computer Weekly reports. The value of outsourced contracts dipped by 28% to €1.2bn, compared to the same per� �K firms, who could look to source talent from the contract sector as suitable full-time candidates become in�
Category: News | Fri, 29 Jul 2016

Government to snub small businesses
The government looks set to ignore the small business community again without consultation.
�saster' with hugely unpopular legislation such as IR35, Section 660A and the withdrawal of the 0% rate o�
Category: News | Fri, 23 Jul 2004

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