Latest news

Advisers say a ‘humiliating’ final settlement for the food department that fudged contractor status should ‘mortify’ the taxman and Treasury.

Sombre and powerful, a vigil-turned-protest outside HMRC’s office is further pressure on a chancellor being asked for answers -- by 55 advisers and 80 MPs.

Clean-up efforts look underway, with agencies, government and a charity responding to the payroll sector’s ‘not great’ goings-on.

It’s wild; hysterical and panic-inducing – and that’s only the coverage. Fortunately for contractors, the likelihood is just a reversion of the property market to 2021.

For being more limited than limited companies feared, Hunt’s CGT reforms are a bit of a let-off for small, entrepreneurial businesses.

A timely refresh from the Revenue has industry advisers divided over the trigger. If there was one.

Campaigner: No surprise chancellor Hunt didn’t touch the HMRC policy -- as opposed to schemes, which he absolutely should have tackled.

Beware the false umbrella employers; ineffective opt-outs, and Arthur Daley-esque insurance policies.

‘Less money to go around’ for PSCs is the result of changes to dividends, corporation tax, and the 45p rate. But how much less money is the question.

With an extra bill of £3,750 from corporation tax alone, no wonder some PSCs feel Hunt is hunting them to extinction.

Still sore from him cancelling the off-payroll rules’ cancellation, Hunt’s changes to dividends are ‘salt in the wound’ for PSCs.

Allowance cut is 'small fry in the grand scheme of things,’ but in the Green Book’s small print, the penalisation of PSCs persists.

Jeremy Hunt delivers a ‘plan for stability, growth and public services.’ And a plan to make dividends more taxing.

‘If any payments to contractors are found to be due those will, of course, be Orange Genie’s sole responsibility.’

What the taxman gives with one hand as a tax refund to a failed PSC, he will surely try to take back with the other from its director.

What three contractor service providers say they’d welcome on Thursday fills one status expert with dread.

Six ways the Treasury boss can restore stability, repair the Tories’ reputation and return contracting to what it does best.

No retreat or retrenchment just yet, but pressure, caution and struggle still hit temporary techies and their clients in October.

Advisers worry the taxman isn’t offering much more than an updatable archive of umbrellas which contractors shouldn’t have once used.

Contractors face a potentially ‘worrying’ and ‘significant’ tax hike that ‘would make operating via PSC even more difficult.’

Sign up to our Weekly Newsletter

Keep up to date with everything in the world of contracting.

 

Advertisers

Aardvark Accounting
£76 per month. It's not "aard" work.

Dolan Accountancy
Ltd & Umbrella Experts £105 + VAT per month

MVL’s R Us
All inc. from £2,000

Hiscox Insurance
Cover for contractors

Parasol
The UK’s leading umbrella services company.

Sign up to our newsletter

Receive weekly contractor news, advice and updates.

Every sign up will be entered into a draw to WIN £100 Amazon Vouchers.

* indicates required