The Government has responded to a petition against the forthcoming dividend tax hike. Here we explain why its response is factually wrong in so many ways.
Contractor News Updates
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As a result of announcements made during the last Budget, contractors will have to potentially negotiate four pieces of new tax legislation. Here we set out the main aims of each tax proposal, stripped of as much jargon as possible.
Limited company contractors will already be aware that dividends are set to be taxed more heavily from April 2016, however details of the proposed tax hike were ambiguous when first announced during the summer Budget. It now appears that the tax hit may be worse than many first thought.
Contractors are being urged to highlight the impact the removal of tax relief on subsistence and travel expenses claims would have on the contracting industry if HMRC proposals go ahead. An online survey has been created to collect responses.
The Government is consulting on proposals to ban tax relief on travel and subsistence expenses for contractors who are under the ‘supervision, direction or control of any person’. Here, we look at the history behind this planned legislation, and the areas of greatest concern to the contracting industry.
With the General Election just weeks away, we look at how the major parties’ policies have affected the contracting industry and ask you to take part in our election poll.
An industry group is urging contractors to make their voices heard over Government plans to restrict subsistence and travel expense claims for umbrella company employees.
The Government is to take action against employment businesses who abuse expenses tax relief rules, and aims to create a ‘level playing field’ for umbrella payroll providers. But will contractors be affected?
With the Budget now less than a week away, contractors are looking on with interest to see what next steps the Government will announce regarding its plans to tighten rules on travel and subsistence reliefs for ‘overarching contracts of employment’.
New Government rules will require recruitment agencies to provide more information than ever to HMRC about the contractors on their books, including how much they’re paid. We asked an expert what this means in practice, and if there is a link between the new rules and IR35.