Contractor News

HMRC clarifies tax relief tests for intermediary workers

The tests that workers who use intermediaries must take to gauge if they are eligible for tax relief on their T&S expenses have been clarified by HM Revenue & Customs. The clarification is necessary because alegislative blunder by HMRC meant that the test for PSC contractors – whether IR35 applies – was wrongly written into […]

Posted under General on Tue 19th July 2016

Growth in IT contractor demand recovers

Consecutive months of growth in demand for IT contractors slowing came to an end in May, in the first sign that “uncertainty” over the EU may be starting to favour such temporary staff. In a new report on last month’s labour market, demand for IT contractors is scored at 55.0, compared to 52.9 in April. […]

Posted under General on Mon 4th July 2016

Contractors’ Questions: Will IT contracting ‘go Swiss’ in a Brexit?

Contractor’s Question: If the UK goes the way of Switzerland after June 23rd and becomes a non-EU country, what would happen if the model that Swiss nationals use for IT contracting in EU countries was carved out for Britain? A Swiss national I know has just landed an IT contract in Belgium; he never seems […]

Posted under General on Mon 20th June 2016

So you want to take money out of your limited company?

It’s clear that quite a lot of entrepreneurs knew that they were coming, but anti-avoidance rules that took effect a little over two months ago are still puzzling some one-man band contractor companies, writes Darren Roberts, head of contractor services at online accounting specialist Dynamo Accounts. The first thing to grasp about these new rules, warned about in March […]

Posted under General on Tue 14th June 2016

Ailing firms to get three-month breathing space

Small companies on the brink of insolvency will get a three-month breathing space from creditor and enforcement action, under new plans that contractors can have their say on. Tabled by the Insolvency Service, the ‘moratorium’ would allow any business that is insolvent or near insolvent to put a turnaround plan in place without having to […]

Posted under General on Sat 4th June 2016

What is IR35

Posted under General on Sun 20th March 2016