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calculating VAT using Flat Rate scheme

Contractors to Lose Out in Flat Rate VAT Changes

Contractors are once again in the firing line, with changes to the VAT flat rate scheme (FRS) announced in the Autumn Statement. The scheme was originally designed to simplify VAT reporting and reduce red tape for small businesses and contractors. However, in what appears to be an attempt to blame the self-employed for declining tax

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oil and gas industry

Hope in The Pipeline for North Sea Oil and Gas firms

After years of turmoil, a new report shows there are signs of a slowdown in job losses in the North Sea oil and gas industry. The 25th Oil and Gas survey by the Fraser of Allander Institute for the Aberdeen & Grampian Chambers of Commerce found that two thirds (67 per cent) of all firms

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Autumn Statement for Contractors

Contractors Receive a Mixed Picture from The Autumn Statement

We noted recently that contractors would be taking a keen interest in yesterday’s Autumn Statement. It offered a chance not only to gain insight into the future economic direction of the country, but also to understand the government’s attitude towards contractors and clarification on the IR35 reforms, which many thought could put contractors off working

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moving economy ahead of the Autumn Statement

Contractors Expecting IR35 Update in Autumn Statement

Contractors in the public sector will be taking a keen interest in Chancellor Philip Hammond’s first Autumn Statement. Being presented on Wednesday, it will be an interesting indicator to the whole country of the economic direction the government plans to pursue. But it could also have a direct impact on contractors in the public sector,

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UK contractor market looking up ahead of Autumn Statement

Contractors Have Cause for Cautious Optimism in November

We recently took a look at the state of the contracting market in October and found a mixed picture – the overall fundamentals of the economy were relatively strong, but some regions and industries were in a better shape than others and the future looked uncertain.   The market for contractors is unlikely to change

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contractor survey results

Brexit, IR35 and Contractor Rates: Contractors Speak

We recently surveyed hundreds of contractors to get your views on all aspects of contracting life – from Brexit and IR35, to rates and how you search for roles – and we discovered some interesting results.   Overall, contractors seem fairly relaxed about the impact that Brexit will have on their work prospects; 37 per

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contractor looking up statistics on the contractor market

The Mixed Picture of the Contractor Market

For contractors there’s been no shortage of reports, studies and announcements recently all aiming to shine a light on the health of the jobs market and what this might mean. The uncertainty introduced by the Brexit vote has only intensified speculation about what the real picture is and how the contractor market might develop.  

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contractor tax tips for the self-assesment deadline

Contractor Tax Doesn’t Have to be Taxing

Contractor tax doesn’t have to be taxing The deadline for filing paper self assessment tax returns is midnight on the 31st of October, and if you’re a limited company contractor, this can be an important date in your tax year. The last tax year started on the 6th of April 2015 and ended on the

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Brexit, contractor

Contractor Market Responds to Brexit

The effect of the Brexit vote on the contractor and employment market continues to be felt. While there’s been huge volatility in the value of the sterling as ‘hard’ versus ‘soft’ Brexit options are discussed, the contractor jobs market is proving to be fairly resilient according to a range of data.   The monthly REC

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