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Contractors’ guide to VAT
VAT is a contractor’s best friend if treated right, or worst enemy unless care is taken to keep to the rules. Here’s how to keep the VAT-man happy.
…Contractors who work through their own contracting limited company can potentially save a significan… …y that is not registered for VAT and only used on contracts with clients who cannot reclaim VAT, so that the… …VAT registration a disadvantage? Contractors who contract directly with their clients, rather than an agenc…
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Articles: Tax Issues
| Wed, 07 Mar 2018
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
Marginal tax rates explained - how much tax you pay
You pay very different marginal tax rates depending on your earnings and business/personal circumstances.
…However, if the spouse has their own income from contracting or other sources, they may also fall into the sam…
Category:
Articles: Tax Issues
| Wed, 15 Sept 2021
Section 660a - minimising an inspection and potential penalties
Advice and guidance for avoiding the 'husband and wife’ tax.
…an inspection and penalties .] If you are new to contracting you will need to decide on a payment structure to…
Category:
Articles: Section 660
| Wed, 14 Sept 2005
Financial services sees rising growth, optimism and jobs – new contracts could follow
Contractors can look forward to improving contract opportunities in financial services firms, with rates also likely to increase for some skills.
…. Employment, IT and marketing growth may lead to contract growth and rate rises Some of the worst risks aro…
Category:
News
| Mon, 02 Apr 2012
ContractorCalculator Market Report May 2012
Contractors across all disciplines appear to have encouraging prospects, but UK economic performance and the eurozone crisis remain a concern.
…There’s some good news for contractors across all contracting disciplines this month, with economic and labour… …contingency cash, and/or looking for longer-term contracts, and/or ensuring their skills are at the cutting… …increased intentions to invest that may result in contract opportunities throughout the supply chain. IT lea…
Category:
News
| Sat, 28 Apr 2012
Demand sustained for contractors in IT and engineering as contract market falters
Contractor demand in the core contracting disciplines of IT and engineering is sustained despite softening conditions in the wider contract market.
…Contractor demand in the core contracting disciplines of IT, engineering and construction h… …may be responsible for the general malaise in the contract market: “Temporary staffing is declining as emplo…
Category:
News
| Tue, 08 May 2012
ContractorCalculator Market Report June 2012
Contractors are well positioned to provide solutions to many of the economic, skills shortages and labour force challenges facing the UK economy.
…test Talent Survey reporting that workers in core contracting disciplines, such as IT and engineering, are in s… …ferring to employ temporary workers on fixed-term contracts or to use other contracting/temp models. “Employm… …ys that this translates into over 144,000 ongoing contract and permanent vacancies. The impact of the skills…
Category:
News
| Fri, 01 Jun 2012
IT contractor demand falls sharply in May: budget tightening and AWR to blame
IT contractor demand fell sharply in May as the contracting market experienced further deterioration, thought to be due to client budget cuts and AWR.
…utory factors to the ongoing deterioration of the contracting market. “This month’s data shows employers are be… …IT contractor demand fell sharply in May and contract/temp billing fell for the sixth month running and…
Category:
News
| Mon, 11 Jun 2012
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