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Oil and gas contractor guide to tax and expenses when working offshore
Oil and gas contractors working offshore are subject to similar tax and expenses rules as onshore contractors, notes Pipeline Account’s Martin Watt.
�s contractors, so they should ensure they conduct contract reviews, secure a confirmation of arrangements fr�
Category: Articles: Tax Issues | Tue, 30 Jul 2013

Contractor guide to the advantages and disadvantages of being VAT registered
Contactors unlikely to earn more than £79,000 are not required to register for VAT, but there are advantages and disadvantages to non-registration.
�there are some advantages to non-registration for contracting businesses. The first is the reduction in adminis�
Category: Articles: Tax Issues | Tue, 24 Sept 2013

Minimising the risk of an HMRC investigation
Contractors can minimise the risk of being investigated by HMRC by taking simple yet effective measures, explains Abbott Moore’s James Abbott.
�accurate tax returns can be based,” says Abbott. Contracting businesses failing to maintain adequate records f�
Category: Articles: Tax Issues | Wed, 27 Nov 2013

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.
�VAT certificate Any supporting documents, such as contracts and relevant correspondence. The inspector normal�
Category: Articles: Tax Issues | Mon, 27 Jul 2009

New VAT rate rules for contractors – changes due to the 20% rate from 4 January 2011
Limited company contractors will be required to change their invoices & VAT return accounting when VAT increases from 17.5% to 20% on 4 January 2011.
�for sales that span the rate change on 4 January: Contracts started before 4 January 2011 and completed after� �, for example, a contractor started work on a new contract on 4 January and submitted an invoice after worki�
Category: Articles: Tax Issues | Wed, 24 Nov 2010

Contractor guide to what information their accountants should share with HMRC
Contractors receiving HMRC information requests should seek professional assistance and not tackle them alone, says James Abbott of Abbott Moore.
�inspector knocking on the door when they are out contracting.” But Abbott confirms he has rarely seen HMRC res�
Category: Articles: Tax Issues | Sun, 02 Sept 2012

Contractor guide to answering the self-assessment tax return service company question
Contractors should answer the tax return’s service company question as leaving it out can bring unwelcome attention, warns ClearSky’s Daniel Mepham.
�can demonstrate that IR35 does not apply to their contract can close an IR35 review before it gets off the g�
Category: Articles: Tax Issues | Wed, 16 Jan 2013

Moving buy-to-let properties into a company - issues to consider
Contractors might be able to mitigate the impact of buy-to-let tax changes by putting rental income into a company, says James Abbott of Abbott Moore.
�o have to find.” Contractors urged not to combine contracting and rental income For contractors who receive suf�
Category: Articles: Tax Issues | Wed, 25 May 2016

Contractor guide to optimising VAT and the Flat Rate Scheme when starting out
Contractors can time their VAT and Flat Rate Scheme (FRS) registration to optimise VAT recovery when starting up, says James Abbott of Abbott Moore.
�mise their VAT recovery when first starting their contracting careers. “ Limited company contractors should tim�
Category: Articles: Tax Issues | Tue, 13 May 2014

Difference between tax avoidance and tax evasion
Contractors can use strategies for tax avoidance as the practice is perfectly legal, whereas deliberate tax evasion is illegal and a criminal offence.
�ately don't pay the tax they should HMRC In a contracting context, this could involve deliberately falsifyi�
Category: Articles: Tax Issues | Thu, 29 May 2014