Experts aren’t sure Labour’s ‘bunch of fives’ announcement means a bloody nose for contractor limited company status. But expect extra HMRC bodies behind tax return, MTD and digital platform reporting checks.
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:
An HMRC list of compliant umbrella companies can make sense of the illogical 12-month term of its tax avoidance blacklist
An agency compliance veteran reveals where Labour could clean up the supply of contract labour, with a little help from the taxman.
No Oscar for HMRC mini-umbrella company film, but at least it’s a warning, of sorts — experts
A new film by the taxman goes as far as saying suspected MUC fraud is cause to reconsider contract labour options. Other than that bit of drama, ‘Spielberg can rest easy.’
Self assessment threshold changes for high earners paid via PAYE – 2023/4 and 2024/5
If your entire income is taxed under PAYE, you don’t have to complete a self-assessment form for the 2023/24 tax year if you earned less than £150,000. This filing threshold has been scrapped altogether from 2024/5 onwards.
How healthy is the contracting market in 2024, and what challenges lie ahead?
2024 is shaping up to be an interesting year. With global conflicts, an upcoming UK general election and the US presidential election later in the year, there is a lot of uncertainty in the air. How is the contracting market faring at the moment?
March 2024 Companies House changes contractors should know about
New rules to combat fraud and improve the integrity of the Companies House database come into effect in March 2024. New guide for limited company directors.
How much will the April 2023 Corporation Tax (25%) hike cost your company?
According to reports in the Sunday Times and Telegraph over the weekend, the Chancellor is considering hiking the Corporation Tax rate from 19% to 24% to plug the enormous black hole in the public finances. How much will this cost you?
MSC legislation – HMRC launches new campaign against contractors
The MSC legislation has made the headlines again in 2022 as several contractor accountancy firms – and their clients – are being investigated by HMRC.
Mini Umbrella Company (MUC) fraud – what is it?
The Government has published guidance on so-called ‘mini umbrella company fraud’ – the widespread practice of setting up multiple companies to employ workers – with the sole aim of defrauding the taxman.
- « Previous Page
- 1
- …
- 4
- 5
- 6