The last minute review of how the new rules would operate, brought about by an intense campaign by and on behalf of the contracting industry, led to HMRC undertaking a detailed review of the draft legislation due to come into effect on 6th April 2020. Here is a quick look at the key outcomes and what you need to know ahead of the deadline.
Working as a limited company contractor has a lot of advantages, but it does mean you're responsible for plenty of running costs. Fortunately, there are tax relief and allowances that can help you maximise your take home pay, as well as different expenses you can claim. But negotiating the HMRC labyrinth can be complicated, and it's easy to get confused over what you can and can’t claim. Here's our very brief guide to claiming expenses.
Martin Whalley - an IT professional with 30 years’ experience, had been working through his own limited company for the past six years. However the introduction of the off-payroll working legislation in the public sector in April 2017, meant that he had to make the move to an umbrella service as he found himself working inside IR35. We caught up with him to find out how this transition went
As the Self Assessment tax return deadline of 31st January draws closers, we thought it would be important to remind you of remaining vigilant to scammers who imitate HMRC in an attempt to steal the hard-earned money of our contractors. There are many inventive ways in which these scammers work, through multiple channels in an attempt to trick people into a false sense of security. Read on to learn more about what to watch out for.