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What is a Limited Liability Partnership (LLP)?
Limited liability partnerships (LLP) offer businesses many of the benefits of a general partnership with the limited liability of a limited company.
�LLP can own assets, employ people and enter into contracts. Unlike a limited company, an LLP does not requir�
Category: Articles: Tax Issues | Wed, 21 Jan 2015

What tax code should I be on? How UK tax codes work
UK tax codes tell contractors how much tax they are paying. Limited company contractors control their tax code but it is set for umbrella contractors.
�ly, when a contractor leaves their last job to go contracting they will be given a P45 by their former employer�
Category: Articles: Tax Issues | Tue, 10 Mar 2015

Onshore Employment Intermediaries reporting rules: contractor obligations
Contractors must supply personal data to agencies for the Onshore Employment Intermediaries reporting rules: those that subcontract are also caught.
�s say that one person limited company contractors contracting direct with the client don’t have to submit repor� �ed in the return of the intermediary that has the contract with the end client.” Furthermore: “If a personal�
Category: Articles: Tax Issues | Thu, 16 Apr 2015

Contractor badges of trade: HMRC rules on being in business
Contractors who demonstrate badges of trade according to HMRC’s rules are in business on their own account, explains Emily Coltman of FreeAgent.
�dditional services that are related to their core contracting activities may also be carrying on a trade. Coltm�
Category: Articles: Tax Issues | Wed, 10 Jun 2015

Contractors who subcontract must comply with HMRC employment intermediary obligations
Contractors who subcontract are classed as employment intermediaries and must follow HMRC guidelines to ensure subcontractors pay the right tax.
�hat this means is, should the worker who has been contracted to complete the work be found to have not paid th� �ied: Personal service is a requirement There is a contract between the client and intermediary, or main cont�
Category: Articles: Tax Issues | Mon, 12 Oct 2015

10 actions you can take to help you avoid a tax investigation
Contractors are often targeted for HMRC tax investigations. Here are ten actions you can take to reduce your chances of being one of the unlucky ones.
�ficially denied, experts suggest that HMRC’s IR35 contract review service acts as a source of leads and info�
Category: Articles: Tax Issues | Wed, 06 Jan 2016

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

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.
�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

Retrospective tax-reducing strategies for contractors who overpaid in previous years
Contractors can adopt tax strategies that may reduce their tax liability arising from previous financial years, says Abbott Moore’s James Abbott.
�d those who might have temporarily stepped out of contracting to work on a fixed-term employment contract . Abb� �of contracting to work on a fixed-term employment contract . Abbott explains: “As is the case with all contr�
Category: Articles: Tax Issues | Tue, 14 May 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