HMRC has offered users of ‘contractor loan schemes’ a chance to settle their outstanding tax liabilities on ‘favourable’ terms. The average contractor is thought to have avoided £11,000 for each year they took part.
A specialist accountancy firm has reported a surge in demand for IR35 contract reviews by public sector clients following news that dozens of NHS ‘off payroll’ executives could be investigated for failing to provide tax assurances to their departments.
Following publication of HMRC’s new IR35 guide, we asked an industry expert how the guidance compares to the old FAQs, and how specific IR35 issues have been addressed.
In our latest news summary, RBS has imposed a 10% rate cut on the majority of its contract workforce, and recruitment agencies may be inadvertently falling foul of the Managed Service Company legislation, whilst attempting to comply with the new false self-employment rules.
As a limited company director, you have a number of legal and financial responsibilities. We look at what these duties are, and why it is essential for directors to meet their statutory obligations.
An industry expert looks back at his reasons for becoming an IT contractor, and what / who inspired him to leave the world of permanent employment for good.