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HMRC signals new direct attack on contractors, citing disguised remuneration
HMRC has promised to challenge schemes that are being marketed to contractors as a way of getting around new disguised remuneration rules.
�r direct attack on contractors, and shows how the contracting community is seen as ‘easy pickings’ by revenue c�

Category: News | Wed, 24 Aug 2011


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 faced with child benefit withdrawal should take action before 7 January
Contractors earning over £50,000 a year & facing the withdrawal of their child benefit should implement a tax strategy before the 7 January deadline.
�r the benefit withdrawal is not measured by gross contracting fee income, but by a contractor’s gross income le�

Category: News | Mon, 05 Nov 2012


BBC confirms its commitment to ditching limited company contractors and freelancers
Limited company contractors working in on-air roles for the BBC face a new employment test the broadcaster admits is designed to cut their numbers.
�that “there were 3,272 personal service companies contracted by the BBC during the financial year 2011/2012”.� �people have requested to be moved onto employment contracts”, suggesting that so far the entire exercise has�

Category: News | Tue, 21 May 2013


Official review launched into disastrous retrospective Loan Charge
Boris Johnson announced in the House of Commons on Wednesday 4th September 2019 at 12:45pm that there would be a review into the Loan Charge.
�such changes will not affect you as a settlement contract will have already been signed. Q) What next for H�

Category: News | Wed, 04 Sept 2019


BREAKING NEWS: Government confirms independent review of Loan Charge
Government has confirmed that Sir Amyas Morse will lead an independent review into the Loan Charge, concluding by mid-November.
�d retrospective tax bills on thousands within the contract sector. Commissioned by the Chancellor, Sajid Jav�

Category: News | Wed, 11 Sept 2019


Contractors should mainly benefit from Budget 2015, say contracting experts
Contractors will mostly benefit from the measures proposed in the 2015 Budget, despite the umbrella expenses review, explain contracting experts.
�of self-assessment, if tax returns are abolished? Contracting experts have welcomed the move to abolish self-as� �es to cover living expenses when they are between contracts. Many are reluctant to put this cash into ISAs be� �r.” Contractors can use flexible ISAs to plan for contract downtime On the ISA front, James is very upbeat:�

Category: News | Thu, 19 Mar 2015


Budget 2016: public sector contractors face tax avoidance crackdown from 2017
Public sector contractors face a tax avoidance crackdown from April 2017, says Chancellor George Osborne in his Budget 2016.
�look set to go ahead, despite intense lobbying by contracting and business organisations. “In every budget I ha� �han giving a tax advantage to those who choose to contract their work through personal service companies (PS�

Category: News | Wed, 16 Mar 2016


Contractors can expect mixed outlook from Pre-Budget Report on 9 December
Chancellor Alistair Darling’s Pre-Budget Report on 9 December 2009 will be eagerly awaited by contractors. What surprises might it hold?
�r early 2010 However, contractors running genuine contracting businesses that invest in professional assistance� �nesses that invest in professional assistance for contract reviews and tax investigation insurance should ha�

Category: News | Thu, 12 Nov 2009


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