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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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contractor jobs report

Contractor Opportunities Rose in September

Opportunities for contractor jobs rise as those working as limited company contractors are said to be “inundated” with new work over the course of September 2016, according to new research. Recruitment International analysed the latest edition of the UK Job Market Report from Adzuna, which showed that the number of people in competition for each

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IR35 investigation on BBC presenters

100 BBC Presenters Face IR35 Investigation

Over 100 high profile members of staff from the BBC have been identified from a list of 469 media professionals reportedly under review by the taxman in relation to the status of their personal service companies (PSCs).   The latest figures came to light during last week’s tribunal ruling on a case involving BBC News

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mortgages for contractors

Mortgages for Contractors Still a Challenge for Many

A new study has found that contractors and the self-employed face challenges in getting mortgages. Research from Nottingham Building Society found that one in eight independent contractors were being rejected for first-time or re-mortgage. This is despite nearly half (48 per cent) of contractors earning about the same or even more than in their previous

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Making Tax Digital

At Budget 2015, the Government set out their proposed ‘Making Tax Digital’ project – plans to move to a fully digital tax system by 2020. As part of their implementation plan, HMRC have published six consultation documents, which include the tax issues facing self-employed individuals. At this stage, the Making Tax Digital proposals only apply

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IR35 investigation on BBC presenters

Government committed to IR35 Reforms for Public Sector

The consultation document, ‘Off-payroll working in the public sector: reform of the intermediaries legislation’ isn’t due to close until 18th August but the Government have already indicated that their proposed reforms will go ahead next April as planned. From April 2017, the government proposes to make public sector bodies and agencies responsible for operating the

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