GDPR, or the European General Data Protection Regulation, comes into effect on 25th May 2018. It’s a new regulation that every business in the country needs to be aware of, but what exactly is GDPR and how is it likely to affect clients and contractors?
Contractor News Updates
We typically publish site updates when important events take place (such as upcoming changes to legislation, Budget reports). You can also keep up-to-date with the latest contractor news updates by following us on:
Reports in The Times and FT over the past few days suggest that the Treasury may be considering extending the ‘off-payroll’ IR35 rules to the private sector.
The Government implemented new ‘off-payroll’ measures to enforce IR35 within the public sector from April 2017 onwards. Rather than being a revenue-generating success for HMRC, the implementation of the new rules has been a disaster. Together with expert opinion, we look at what damage has been done as a result of the reforms.
With the tax differential between limited company owners and traditional workers substantially reduced due to successive dividend tax hikes, why don’t policymakers take into account the extra costs contractors have to bear compared to employees?
As more and more people decide by choice or otherwise to work for themselves, rather than become traditional employees, the difference in the way groups of workers are taxed has become front-page news.
As a result of the upcoming snap General Election, the Government has had to ditch most of the proposed Finance Bill 2017. The dividend allowance cut to £2,000 has been ditched (for now), but the public sector IR35 changes remain.
From April 2017, many small limited companies which have low annual costs will face a higher VAT liability if they use the Flat Rate Scheme (FRS). Here, we look at how the changes are likely to affect contractors.
An online petition has been launched, urging the Government to scrap the April 2017 IR35 changes for contractors working in the public sector.
Philip Hammond’s first Budget will be delivered on March 8th 2017 – it will be the last ‘Spring Budget’. Here, we remind ourselves of the pre-announced tax changes which will start from April this year.
As one eventful year comes to a close, we look forward to 2017 and examine how forthcoming legislative changes and economic events are likely to affect contractors.