With the Corporation Tax hike only a few months away, if you have more than one limited company, you need to be aware of new ‘Associated Companies’ rules, which make things even more complicated.
Contractor News Updates
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The Chancellor, Jeremy Hunt, announced a wide range of tax rises, mass tax allowance freezes and spending cuts in his Autumn Statement today.
The Chancellor, Jeremy Hunt, has just announced that the April 2023 IR35 reform repeal – announced in Kwasi Kwarteng’s mini-Budget in September – will not be going ahead after all.
In today’s mini-Budget, Chancellor Kwasi Kwarteng announced some dramatic tax cuts – aimed at both businesses and individuals. Here we have highlighted the key points.
In his ‘mini Budget’, Chancellor Kwasi Kwarteng announced that the Off Payroll working rules will be abolished from April 2023.
A number of contractors have received letters from HMRC as a result of their accountants being investigated under the Managed Service Company legislation. What should you do if you receive a letter?
Just over a year since the introduction of the Off Payroll rules in the private sector, the Public Accounts Committee has released a damning report on the implementation. A new contractor survey backs up the findings.
The MSC legislation has made the headlines again in 2022 as several contractor accountancy firms – and their clients – are being investigated by HMRC.
The Chancellor announced a number of tax changes during the March Spring Statement – most notably a rise in the threshold before employees are liable to pay National Insurance Contributions.
Aside from the price cut for a bottle of Prosecco, the 2021 Autumn Budget will be remembered mainly for confirming a wide range of future tax increases for both businesses and individuals, and unprecedented levels of public spending.