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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.
…tractors working offshore look at greater risk of IR35 . But when the core tests of control , substituti… …s contractors, so they should ensure they conduct contract reviews, secure a confirmation of arrangements fr…
Category: Articles: Tax Issues | Tue, 30 Jul 2013

Managed Service Company (MSC) legislation – key guide for contractors and agencies
Contractors using managed service companies are taxed as employees. Debt transfer rules allow HMRC to ask agencies/clients for contractors’ tax owed.
…company. As the MSC legislation is distinct from IR35 , it means that a contractor’s contract could be… …n providers’ websites. Contractor tests to see if contracting service providers are managed service company pro… …and bank accounts The service provider negotiates contracts with end-user clients and agencies without includ… …distinct from IR35 , it means that a contractor’s contract could be outside IR35 but they could still be pay…
Category: Articles: Managed Service Companies | Mon, 22 Aug 2011

How to close your company and extract the profits – paying only 10% tax
Considering closing down your limited company? Securing a Members’ Voluntary Liquidation may be the most efficient way to extract funds. Find out how.
…of the following reasons: They are caught inside IR35 and no longer wish to use a company vehicle They… …out how much you could save with an MVL With the contracting sector in a state of flux over the IR35 reforms,… …s possible. Our chosen partner specialises in the contract sector, and can ensure you have access to the ret…
Category: Articles: Limited Companies | Sun, 30 Jan 2022

How contractors should handle contract renewals
Contractors are never obliged to accept contract renewals. Feel free to negotiate a new contract, and never accept an agent's telling you that you have some obligation resulting from the previous contract.
…ment is to offer to 'make the contract outside of IR35 .' This is one bait that you should probably not… …, in time. Contractors are never obliged to renew contracts David Royden-Laytons Solicitors Start Negotiating… …es,'' says David Royden, a lawyer specialising in contract law with Laytons Solicitors in Manchester. No Leg…
Category: Articles: Legal | Tue, 03 Jul 2007

Contracting limited companies: top questions contractors ask their accountants
Answers to the most common questions contractors ask their accountants are explored by Derek Kelly of contractor accountant ClearSky.
…can also help contractors prove they are outside IR35 , as taking out policies indicates financial risk… …rtner, will.” 5. What happens when I am no longer contracting? Kelly warns contractors that running a limited c… …ice before making any serious decisions. 8. Is my contract IR35 friendly? A contract might be IR35 friendly…
Category: Articles: Limited Companies | Thu, 28 Apr 2011

How much salary should a contractor pay themselves as director?
Contractors often find the low salary-high dividends model to be the most tax efficient way to take remuneration, says Abbott Moore’s James Abbott.
…ax efficient compared to dividends.” Salaries and IR35 “In practice, contractors inside IR35 are forced… …ient method of extracting remuneration from their contracting business typically pay themselves a low salary an… …nclude: The contractor actually has an employment contract with their company, in which case they are subjec…
Category: Articles: Limited Companies | Wed, 22 May 2013

Dormant company accounts – filing example
Contractors who have a dormant limited company must continue to file basic company information, including abbreviated accounts, with Companies House.
…ay be offered a lucrative contract that is inside IR35 and decides to trade via an umbrella company for… …quired by the Registrar of Companies. Making your contracting limited company dormant is a straightforward proc… …natively, a contractor may be offered a lucrative contract that is inside IR35 and decides to trade via an u…
Category: Articles: Limited Companies | Mon, 23 Feb 2015

Contractor Doctor’s recent legal challenges facing contractors
Contractor Calculator’s Contractor Doctor summarises the top legal challenges & solutions that contractors recently faced and overcame.
…s Clients thinking that contractors are employees IR35 Employment law. Contract restrictions – restricti… …. We answered them all and have published over 56 contracting guides so far this year. To help the wider contra… …s, which are typically found in contractor agency contracts, play an important role in protecting the investm… …to date. They broadly fall into five main themes: Contract restrictions – restrictive covenants Contractual…
Category: Articles: Legal | Thu, 12 Sept 2013

10 top tips for expats going contracting in the UK
Contractors from outside the UK and EU going contracting in the UK can benefit from ten lessons in making sure their contracting career is a success.
…eir contracts reviewed by legal professionals for IR35 implications, and to ensure the contractual terms… …and European Union and are thinking of starting a contracting career in the UK can benefit from ten top tips on… …t it is not the best contractors who get the best contracts, but those contractors who are best at winning co… …market demand for particular skills, identifying contract opportunities and ruthlessly converting opportuni…
Category: Articles: Expat | Fri, 12 Jun 2009

Contractor interview: paul ross enjoys the good life contracting
An extraordinarily successful contractor who only works at the top of the fee scale, and who almost never uses an agent, tells how to do it.
…has about 500 clients. Using Substitution Against IR35 Another way in which Ross has usefully networked… …ders. This kind of work is at the very top of the contracting scale, and is much in demand. But Ross has noneth… …rom colleagues. This has put me in touch with new contracts very regularly. A good network of colleagues can… …ine this carefully to see that it is both in your contract, but also part of your real working life. ''What…
Category: Articles: Contractor Interviews | Mon, 14 Apr 2008