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Contractors stand to gain little and lose more from ‘political’ Budget
Contractors can expect a multitude of small tax increases with few gains, and there are no changes to IR35, income shifting or umbrella expenses.
�made to make available 15% of central government contracts to SMEs and pay 80% of invoices within five days.�
Category: News | Wed, 24 Mar 2010

Contractor-friendly emergency budget could have a nasty tax-sting in its tail
Many contractors will benefit from the business-friendly budget but increases in capital gains tax and potential pension reform could penalise others.
�unting , says the budget has made limited company contracting even more favourable as a tax-efficient option fo� �income into private schemes and umbrella company contracts using salary sacrifice schemes could be caught by�
Category: News | Wed, 23 Jun 2010

Spending Review offers contractors positive news, but HMRC’s new fund causes concern
Spending Review to benefit contractors by investment in renewables and infrastructure, but will HMRC target flexible workers with its £900m war chest?
�manent levy could not only lead to a reduction in contracting ‘headcount’, but could also be seen by some banks� �ecruitment freezes will almost certainly generate contract and interim opportunities. Chancellor Osborne did�
Category: News | Wed, 20 Oct 2010

Contractors remain subject to IR35, while income tax and NI may merge – Budget 2011
Contractors remain subject to IR35 as the Chancellor George Osborne delivers a 2011 Budget that proposes the merger of income tax and NI.
�nt tax jurisdictions, which would result in fewer contracts Technical changes to oil field taxation may stimu� �velopment, which is likely to result in increased contract opportunities Changes to how leases are defined c�
Category: News | Wed, 23 Mar 2011

Budget 2011 reaction - IR35 retained, as abolition risks falling tax revenues
Contractors must endure IR35 for the foreseeable future, until a possible merger of income tax and NI proposed in the 2011 Budget makes it irrelevant.
�e revenue?” asks Vessey. As he points out, HMRC’s contract review service launch at the same time as IR35 in�
Category: News | Wed, 23 Mar 2011

Contractors to benefit from measures announced in the Autumn Statement
Contractors are likely to be better off, with no new tax increases and many new market opportunities revealed in the Chancellor’s Autumn Statement.
�nd housing projects could lead to a stream of new contracts, whereas cancelling fuel duty rises and subsiding� �ncludes 500 new projects, many of which may boost contract opportunities No ‘Tobin Tax’ for banks, but perma�
Category: News | Tue, 29 Nov 2011

Budget 2012: IR35 reinforcement clouds otherwise positive Budget for contractors
Contractors are facing a reinforced IR35 in 2012, and the Government has promised to introduce new anti-avoidance measures for PSCs in 2013.
�could encourage investment that would provide new contract opportunities Expanding UK export finance to help�
Category: News | Wed, 21 Mar 2012

Budget 2012: PSC anti-avoidance measures unlikely to apply to most contractors
The Chancellor’s unexpected personal service company anti-avoidance measures announced in the Budget 2012 shouldn’t affect most contractors.
�(NICs) deducted at source”. However, according to contracting sector tax and IR35 experts, this reaction to the�
Category: News | Thu, 22 Mar 2012

Contracting sector unimpressed by 2013 Budget’s minimal action to promote growth
Contractors can expect few immediate benefits and no real growth agenda from Chancellor George Osborne’s 2013 Budget, agree contracting experts.
�rowth from the 2013 Budget , according to leading contracting experts. Many of Chancellor George Osborne’s 2013� �benefit contractors through increased numbers of contracts, but it could take years for these contracts to t�
Category: News | Thu, 21 Mar 2013

Contractors with savings and pensions gain from contractor-neutral 2014 Budget
Contractors with pensions and savings stand to gain the most from the 2014 Budget, alongside engineering, construction and oil and gas contractors.
�stimulate activity in the region and generate new contracts for suitably qualified contractors. The personal� �clients with overseas clients could be attractive contract targets in the coming months and years. The pensi�
Category: News | Wed, 19 Mar 2014