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Latest Site Updates

P35 guidance: unsure contractors should answer ‘no’ to service co question, says HMRC

Contractors are not legally obliged to answer the P35 question 6, ‘Are you a Service Company?’, and if they’re unsure should answer ‘no’.

No certainty from HMRC’s new IR35 framework, but the policy debate must be sustained

No certainty for limited company contractors yet, but the policy debate is far from over, say OTS Tax Director John Whiting and PCG’s Simon McVicker.

IR35 certainty for contractors? So close and, perhaps, not so far

Contractors are very close to enjoying a potential three-year rolling’ IR35 amnesty’ if we keep our nerve and help HMRC improve its new test regime.

“Keep calm and contract on”, IR35 experts tell contractors following HMRC’s new tests

It’s IR35 business as usual for contractors – IR35 experts Andy Vessey of Qdos and Kate Cottrell of Bauer & Cottrell respond to the new HMRC tests.

ContractorCalculator: Contracting news in brief – 11/May/2012

News this week includes HMRC’s updated IR35 processes; IR35 Forum members speak out; contractor demand; oil & gas sector upbeat; & AWR threat ongoing.

P35 guidance: unsure contractors should answer ‘no’ to service co question, says HMRC

Contractors are not legally obliged to answer the P35 question 6, ‘Are you a Service Company?’, and if they’re unsure should answer ‘no’.

No certainty from HMRC’s new IR35 framework, but the policy debate must be sustained

No certainty for limited company contractors yet, but the policy debate is far from over, say OTS Tax Director John Whiting and PCG’s Simon McVicker.

“Keep calm and contract on”, IR35 experts tell contractors following HMRC’s new tests

It’s IR35 business as usual for contractors – IR35 experts Andy Vessey of Qdos and Kate Cottrell of Bauer & Cottrell respond to the new HMRC tests.

ContractorCalculator: Contracting news in brief – 11/May/2012

News this week includes HMRC’s updated IR35 processes; IR35 Forum members speak out; contractor demand; oil & gas sector upbeat; & AWR threat ongoing.

HMRC’s new IR35-related business entity tests, scenarios & guidance finally launched

HMRC has announced its new IR35 regime which includes the business entity tests, six IR35 risk scenarios and guidance for contractors.

Contractor Doctor: Is it worth paying Benefit in Kind (BIK) tax for some benefits?

Contractors can calculate the benefit in kind (BIK) tax for company benefits before deciding how to pay for them, says Baker Watkin’s James Abbott.

Contractor Doctor: What can the agency do if I cancel my contract before starting it?

Contractors cancelling their contracts before they start may find themselves liable to pay their agencies compensation, says Roger Sinclair of Egos.

Contractor doctor: can expenses be claimed for entertainment?

Answers a question from a reader about the rules for claiming entertainment expenses.

Contractor Doctor: Can I claim for packed lunches or do I have to eat out?

Contractors on business trips away from home can claim for subsistence costs, such as weekly shops for packed lunches, says James Abbott.

Contractor Doctor: My client asks me to work through lunch – should I charge?

Contractors aren’t usually paid for time they don’t work, like lunch hours, but ultimately it depends on what has been negotiated into the contract.

Contractor guidance on HMRC’s six IR35 example scenarios

Limited company contractors can use HMRC’s six IR35 example scenarios to help them decide whether IR35 is likely to apply to their current contract.

Contractor guidance on HMRC’s risk-based approach to IR35 & the business entity tests

Limited company contractors can use HMRC’s business entity tests to gauge their IR35 risk, which in turn could prompt HMRC to conduct an IR35 review.

Contractor Doctor: Is it worth paying Benefit in Kind (BIK) tax for some benefits?

Contractors can calculate the benefit in kind (BIK) tax for company benefits before deciding how to pay for them, says Baker Watkin’s James Abbott.

Contractor guide to the tax treatment of loyalty schemes and benefits

Contractors can personally ‘spend’ loyalty points from business purchases without a benefit in kind tax charge, explains James Abbott of Baker Watkin.

IR35 Business Entity Test for contractors – process and questions

Contractors can help determine their level of IR35 risk by taking HMRC’s business entity tests, answering 12 questions about their business.

  
  

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