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?
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:
Has contractor taxation become a victim of ‘fake news’?
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.
Dividend Allowance cut dropped from Finance Bill, IR35 remains
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.
April 2017 – higher VAT liabilities for ‘limited cost traders’ explained
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.
Petition calls on Government to scrap IR35 public sector rules
An online petition has been launched, urging the Government to scrap the April 2017 IR35 changes for contractors working in the public sector.
Budget 2017 date set for March 8th. What can contractors expect?
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.
Contracting in 2017 – 5 things you need to know
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.
Autumn Statement 2016 – more misery for contractors
If proof were needed that successive governments seem hellbent on removing any of the final benefits associated with limited company contracting, then this year’s Autumn Statement may provide just just that.
Thumbs down to HMRC’s IR35 public sector plans
Businesses are not impressed with HMRC’s latest proposals to shift the responsibility of IR35 enforcement onto employers in the public sector.
Accountant urges contractors to put money aside for dividend tax hike
Although the new dividend tax regime started on 6th April 2016, it will be some time before company owners feel the effects on their take-home pay. Here, a leading accountant outlines the key dates contractors should prepare for to ensure they are not caught out by the tax hike.
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