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.
Contractor News Updates
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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.
Businesses are not impressed with HMRC’s latest proposals to shift the responsibility of IR35 enforcement onto employers in the public sector.
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.
On 30th June 2016, the Annual Return, which provides a snapshot of a limited company’s personnel and structure at a given moment in time, will be replaced by a Confirmation Statement. Here we look at what this requirement means for company owners, and how communications with Companies House will change as a result.
With the new tax year rapidly approaching, a specialist accountancy firm has urged limited company contractors to carefully consider their tax planning in readiness for the new dividend tax rules which come into effect on 6th April 2016.
With the Government keener than ever to outlaw ‘aggressive tax planning’ vehicles – specifically those aimed at freelance professionals, HMRC has published a new document – “ten things about contractor loan schemes.”
The new April 2016 dividend tax will cost company owners thousands each year. This controversial measure could be debated in Parliament once an online petition reaches the 100,000 signature mark. Are you ready to take part?
Many people contemplate a move into contracting at the start of new year, or take stock of how life as a contractor is treating them. Here we consider 10 things – good and bad – which will affect contractors during 2016.
The clampdown on travel and subsistence expenses has been included in the Finance Bill 2016, and is expected to impact 430,000 contractors according to HMRC estimates.