A guide to the Financial Service Compensation Scheme, whether you bank personally, as a sole trader, or as a limited company.
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:
A contractor’s guide to DBS (criminal record) checks
DBS Checks, also known as Police Checks. Why do contractors need such Criminal Record Checks?
New Loan Charge review condemned as a ‘farce’ and a ‘sham’
The government has announced a ‘review’ into the Loan Charge that retrospectively targets the users of historical disguised remuneration schemes.
Inside IR35 worker wins unlawful Employers’ NI deductions case against agency
A recent tribunal ruling has highlighted the ongoing challenges surrounding employment status – and demonstrates the complexities of dealing with the IR35 legislation.
Corporation Tax rise – do you have more than one company?
With the Corporation Tax changes now in force, if you have more than one limited company, you need to be aware of the ‘Associated Companies’ rules.
Six in 10 recruiters say employer NICs hike hurts hiring
As almost 60% of agencies plan for an April shower on recruitment, chancellor Rachel Reeves is told, ‘If you make a mistake you should own up.’
Five areas where HMRC’s Spotlight 67 on MSCs could be better
It’s unclear if the taxman’s guidance can contain the MSC fiasco, or will just end up pre-dating more ‘contractor accountant’-type investigations.
HMRC to tax Double Cab Pick-Ups as cars from April 2025
The taxman is u-turning his own u-turn on pick-up trucks, signalling ‘huge’ incoming costs for limited company contractors.
HMRC spotlights MSCs, ahead of umbrella company regulation
Advisers range from supportive to troubled about HMRC ‘reiterating’ nine tests that 1,000 IT contractors so far not passing is costing them £57,000. Each.
Non-dom’s death isn’t greatly exaggerated; it’s on 06.04.25
An overview of Labour killing the UK’s non-domiciled tax regime (includes the politics and practicalities).