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Contractor guide to tax credits from HMRC: working tax credit and child tax credit
Contractors can qualify for tax credits from HMRC and should submit a claim in case their income unexpectedly falls, says Abbott Moore’s James Abbott.
�rwork. “Many contractors could spend their entire contracting career without ever qualifying for tax credits,”� �income drops, say for an extended period between contracts or on the birth of a new child. Eligibility crite� �ny, rather than a client. “Searching for the next contract opportunity, networking, checking job boards, app�
Category: Articles: Tax Issues | Mon, 08 Aug 2011

Contractor guide to negotiating personal tax payments on account with HMRC
Contractors experiencing a sudden fall in income might need to reduce their payments on account with HMRC explains James Abbott of Abbott Moore.
�ddenly, perhaps due to a prolonged period between contracts, or a rental property being empty, the payment on�
Category: Articles: Tax Issues | Wed, 14 Dec 2011

Key tax penalties imposed by HMRC on contractors
From late delivery of tax paperwork to giving the wrong information – HMRC can be unforgiving and will fine contractors who don’t play by the rules.
�owances. For example, a contractor may complete a contract in March at the end of the tax year but not invoi�
Category: Articles: Tax Issues | Wed, 14 Dec 2011

Contractors’ guide to the flat rate VAT scheme
Contractors can benefit from the flat rate VAT scheme by cutting admin & potentially enjoying a cash surplus, explains Abbott Moore’s James Abbott.
�AT percentages (as at tax year 2013/2014) for key contracting sectors include: Computer and IT consultancy or d�
Category: Articles: Tax Issues | Tue, 24 Apr 2012

Contractor doctor: are agencies legally bound to reveal contract margins?
When negotiating rates, it is useful to know the margin the agency is charging. But do they have to tell you?
�ctor Doctor, I'm a first time contractor, and the contract I'm on at the moment ends on the 16th of December�
Category: Articles: Contractor Doctor Q+A | Mon, 01 Jan 2007

Contractor doctor: can I get financial protection against an IR35 investigation?
How can a contractor protect themselves financially against an investigation.
�Dear Contractor Doctor, I've had my contract tweaked by a law firm so that it appears more IR3�
Category: Articles: Contractor Doctor Q+A | Wed, 03 Jan 2007

Contractor doctor: are restrictive contract clauses enforceable?
Are clauses restricting working directly with the client enforceable in a court of law?
�l just give you the go-ahead. Good luck with your contracting! Contractor Doctor� �Dear Contractor Doctor, Having secured a contract, the agency I am dealing with has inserted a clau�
Category: Articles: Contractor Doctor Q+A | Wed, 31 Jan 2007

Contractor doctor: do I have to pay employers and employees NI when using an umbrella?
Do you have to pay employers NI out of your contracting income? The answer is yes or no, depending on IR35 status and public/private sector working.
�Dear Contractor Doctor, I've just started contracting and have registered with an umbrella company. I w� �come taxes. This is the equation for outside IR35 contracts: Client charge rate = contract rate + agency comm� �storically it is worth noting that all advertised contract rates have been advertised at what we will call t�
Category: Articles: Contractor Doctor Q+A | Wed, 21 Feb 2007

Contractor doctor: how often should I change contracts?
Contractor Doctor explains the factors when considering how long to stay at a client site.
�nth Expenses Rule . Many contractors initially go contracting because they want varied projects to work on rath� �How often do you think contractors should change contracts and move on to another client? Thanks [Name suppl� �Dear Contractor Doctor, I’ve been in my first contract for a year and a half, and the client wants me to�
Category: Articles: Contractor Doctor Q+A | Wed, 21 Mar 2007

Contractor doctor: how do holidays work when contracting?
How do you take time off when contracting?
�not change due to holidays taken because you are contracted between certain dates, rather than for a set numb� �al threat of redundancy and considering a move to contracting. I have no idea what the implications are and hav� �o you have to organise your holidays "in-between" contracts? (Assuming of course that you can get back-to-bac� �k-to-back ones). Say for example, I got offered a contract next week but I have holidays booked up within th�
Category: Articles: Contractor Doctor Q+A | Mon, 26 Mar 2007