The main points from the March 2024 Budget.
Contractor News Updates
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Cost to incorporate a new company set to rise from May 2024
Companies House is raising its fees for the first time since 2016. The cost of forming a new company is set to increase from £12 to £50
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.
What difference (if any) will the Jan 2024 employees’ NI cut make to contractors?
The Chancellor’s January 2024 NI cut was the headline-grabbing measure from last week’s Autumn Statement. But what impact will the change have on contractors?
Autumn Statement 2023 – what are the main points for contractors?
With most measures ‘leaked’ beforehand, today’s Statement promised an NI cut for workers and the self employed, plus a pledge to make the full expensing relief capital allowances permanent.
‘Rolled up’ holiday pay – new rules from January 2024
The Government has announced a reform of holiday pay rules which will allow many temporary workers to receive ‘rolled up’ holiday pay – reducing the chances of unscrupulous providers pocketing unclaimed (accrued) holiday funds.
New support platform launched to help contractors impacted by HMRC’s MSC investigations
Last year, HMRC opened a series of MSC investigations into the clients of some of the UK’s leading contractor accountants.
Does HMRC already have the data to expose dodgy umbrella companies?
With the deadline now passed for submissions to the Government’s consultation into the potential regulation of umbrella companies, one particular question caught our eye at IT Contracting.
Managing your income and expenditure as a contractor – staying in control
No matter how you track your finances (e.g. spreadsheets or a notebook), understanding what’s happening with your cash is essential.
Is the umbrella company industry going to be regulated (finally)?
The government has published a consultation on proposals to tackle non-compliance in the umbrella company market. Now used by 500,000 people in numerous types of roles, it seems incredible that there is neither a legal definition of what an ‘umbrella company’ is, nor regulation of the industry itself.
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