Publication: Contractor UK

First reported 19 hours ago - Updated 19 hours ago - 1 reports

What Reed's expenses defeat means for temps

It is agencies and clients who are taking steps in light of Reed losing its expenses claim , but checking that a contract is truly overarching and has mutual obligations in gaps between assignments is a job contractors can do too, writes Lucy Smith of ... [Published Contractor UK - 19 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Ministers set to cut small companies' red tape

Proposals to simplify company-filing processes and requirements are to become policies that will be introduced to lighten the regulatory load on small, incorporated businesses, the government has announced.In responding to a consultation on cutting red ... [Published Contractor UK - 19 hours ago]
First reported Apr 22 2014 - Updated Apr 22 2014 - 1 reports

HMRC to demystify VAT place of supply rule changes

Contractors and other VAT-registered providers of internet services to consumers in the EU are being invited to get official guidance on how new rules from January will impact them.In an open invitation to all affected businesses, HM Revenue & Customs ... [Published Contractor UK - Apr 22 2014]
First reported Apr 22 2014 - Updated Apr 22 2014 - 1 reports

Cable details dodgy director crackdown

A publicly accessible database of companies identifying who their ultimate owners, beneficiaries and trustees are has been waved through by Vince Cable, the Business Secretary.Aimed at lifting the “cloak of secrecy” around who really owns and controls ... [Published Contractor UK - Apr 22 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

HMRC closes in on Reed's £158m temps' tax bill

Firms supplying or using umbrella company contractors should act now rather than just feel “nervous” from an expenses ruling in favour of the taxman, which may hold more significance than the onshore intermediaries rules .Issuing this statement, a legal ... [Published Contractor UK - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Contractor mileage expenses: the end isn't nigh

A clarification is necessary regarding the implications for contractor expenses from the defeat of Dr Samad Samadian , writes Bob Jones, a former tax inspector.That’s because, contrary to widespread fears, this case does NOT affect employees, including ... [Published Contractor UK - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Contractors' Questions: Does the £2,000 NIC allowance interact with IR35?

Contractor’s Question : Is the typical Personal Service Company, having only one employee (its director) and who hopes not to be caught by IR35, eligible to claim the £2,000 NIC giveaway, which is on offer from this month? And how does this NIC offering ... [Published Contractor UK - Apr 16 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Contractors' Questions: Do my agency worker days entitle me to a pension?

Contractor’s Question : After working for the same company for a decade as an agency engineer I was offered and accepted a staff position about 13 years ago. The staff position came with holidays, sick pay and a pension scheme.  This would now probably ... [Published Contractor UK - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

Osborne tipped to hit tax haven users

No longer will the taxman need to prove that a person’s intent for holding money offshore was to evade tax, under new criminal prosecution powers expected to be announced today.Speaking at the weekend, George Osborne told reporters that he wanted to “change ... [Published Contractor UK - Apr 14 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

Mobile phone ring jailed over £28m VAT fraud

Four men who used a limited company to carry out a £28million VAT fraud on the imports of mobile phones and computer chips have been jailed for a total of 27-and-a-half years.Brian Murray and Ross Bell, directors of Amber Communications Ltd, and Lonnie ... [Published Contractor UK - Apr 14 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

UK's self-employment boom 'thanks to the over-50s'

Britain’s self-employment boom is largely the making of workers age 50 or over who have decided to cash in on their experience and ‘go it alone,’ fresh figures show.According to official data, workers aged 50 and above account for more than 70% of the ... [Published Contractor UK - Apr 11 2014]
Entities: Workers, United Kingdom
First reported Apr 09 2014 - Updated Apr 09 2014 - 2 reports

No quick fix for HMRC's misunderstanding of IR35

We often get told it by government ministers, but their claim of ‘We’re all in this together’ doesn’t ring true to the business community if the Lords’ report on personal service companies is anything to go by, writes Martin McKechnie of contractor accountancy ... [Published Contractor UK - Apr 09 2014]

Quotes

"A number of Reed group companies face a liability of up to £158m," the advisory said. "This is arguably a bigger tax development for many suppliers and hirers of contingent workers than the recent introduction of the [Onshore] Intermediaries Legislation… [so] consider a strategic review of the contractual models under which workers are supplied to or by you, taking into account this decision."
The group added: "The government has refused to listen to the cries for help from the hundreds of thousands of contractors, freelancers and independent professionals blighted by IR35, but they cannot ignore the findings of the committee."
"But it still does not appear that a tax debt would be passed from agency to end-client unless the client provides the agency with fraudulent documents regarding the control, direction or supervision which is to be exercised over the employed person.”"

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Ministers set to cut small companies' red tape [Published Contractor UK - 19 hours ago]
What Reed's expenses defeat means for temps [Published Contractor UK - 19 hours ago]
Cable details dodgy director crackdown [Published Contractor UK - Apr 22 2014]
HMRC to demystify VAT place of supply rule changes [Published Contractor UK - Apr 22 2014]
HMRC closes in on Reed's £158m temps' tax bill [Published Contractor UK - Apr 17 2014]
Contractors' Questions: Does the £2,000 NIC all... [Published Contractor UK - Apr 16 2014]
Contractor mileage expenses: the end isn't nigh [Published Contractor UK - Apr 16 2014]
Contractors' Questions: Do my agency worker day... [Published Contractor UK - Apr 15 2014]
Mobile phone ring jailed over £28m VAT fraud [Published Contractor UK - Apr 14 2014]
Osborne tipped to hit tax haven users [Published Contractor UK - Apr 14 2014]
Cumbria crowned the home of contractors [Published Contractor UK - Apr 11 2014]
UK's self-employment boom 'thanks to the over-50s' [Published Contractor UK - Apr 11 2014]
HMRC collects an extra £1.8bn from VAT abuse [Published Contractor UK - Apr 10 2014]
IR35 being scrapped or shelved? Don't hold your... [Published Contractor UK - Apr 10 2014]
No quick fix for HMRC's misunderstanding of IR35 [Published Contractor UK - Apr 09 2014]
Don't get your hopes up about the Lords' attack... [Published Contractor UK - Apr 09 2014]
Demand for IT contractors dipped in March [Published Contractor UK - Apr 08 2014]
Lords 'slap HMRC in the face' over PSCs and IR35 [Published Contractor UK - Apr 07 2014]
PSC Committee: the 16 recommendations [Published Contractor UK - Apr 07 2014]
Financial firms ready to 'spend heavily on IT' [Published Contractor UK - Apr 04 2014]
Broadband users still aren't getting what they ... [Published Contractor UK - Apr 03 2014]
Contractors' Questions: Do VAT place of supply ... [Published Contractor UK - Apr 03 2014]
Top contractors pocket three times the average pay [Published Contractor UK - Apr 02 2014]
EDM tries to avoid false self-employment rules,... [Published Contractor UK - Apr 02 2014]
Red faces for IT start-up group as initiatives ... [Published Contractor UK - Apr 01 2014]
How to handle the public sector's CL1 contracts [Published Contractor UK - Apr 01 2014]
Contractors' Questions: Can my limited company ... [Published Contractor UK - Mar 31 2014]
'Economic up will dilute IT contractor demand' [Published Contractor UK - Mar 31 2014]
Contractors, sit tight on home-to-work travel e... [Published Contractor UK - Mar 28 2014]
New rules imminent for offshore employment inte... [Published Contractor UK - Mar 27 2014]
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