In the latest of a continuing series of IR35 disputes coming before the Tax Tribunals, Adrian Chiles, widely known for his business programmes, media presenting and football anchor activities, has claimed a resounding victory over HMRC.
Choosing when to retire is a big decision, so it’s wise to try to plan for that occasion as soon as possible. While planning for retirement might not be a topic everyone wants to think about too soon, it is important to remember that retirement planning is changing and evolving all the time. We explore what you should consider when planning your retirement.
The run up to Christmas is always an exciting time, after all who doesn’t love having a mooch around some Christmas markets. But with some businesses winding down for the year and others closing their doors completely over the festive period, if you’re a limited company contractor it’s important that you have planned for this downtime. So here are our helpful hints and tips for how limited company contractors can prepare for the festive break.
Sky Sports presenter Dave Clark has been told to pay £281,000 in tax. This tax bill arose for the years from 2013 to 2018 when the work he carried out through his company, Little Piece of Paradise Ltd, for Sky Sports in its coverage of professional darts, was found to be within IR35.
As is now the norm, we already knew through pre-Budget briefings that the public sector pay freeze was to be lifted, more funding was to be provided to the NHS and the National Minimum Wage was to rise to £9.50 per hour. When added to the National Insurance rises from April 2022 which were announced back in September, what else could Chancellor Rishi Sunak include in this, his second Budget of the year? The answer was quite a lot or perhaps a “bit for everyone” would be more accurate.