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Latest Site Updates

IR35, tax avoidance and Ed Lester: a potent mix threatening contractors’ livelihoods

Contractors are right to be worried by interim management contractor Ed Lester’s trial by media, because an unjustified backlash might be the result.

ContractorCalculator: Contracting news in brief

News this week includes demand growth in IT, engineering and oil & gas; ESC C16 rule change; construction & manufacturing growth; & new expenses app.

IR35 Forum: are contractors ever going to get answers?

Contractors have seen few tangible results from the IR35 Forum, and there is a worrying lack of information from HMRC about the progress made.

Good contracting prospects in UK’s oil and gas sector, reveals latest salary guide

UK oil and gas contractors are predicted to enjoy a buoyant 2012 with increasing sector growth, according to The Oil & Gas Global Salary Guide 2012.

Key tax penalties imposed by HMRC on contractors

From late delivery of tax paperwork to giving the wrong information – HMRC can be unforgiving and will fine contractors who don’t play by the rules.

ContractorCalculator: Contracting news in brief

News this week includes demand growth in IT, engineering and oil & gas; ESC C16 rule change; construction & manufacturing growth; & new expenses app.

Good contracting prospects in UK’s oil and gas sector, reveals latest salary guide

UK oil and gas contractors are predicted to enjoy a buoyant 2012 with increasing sector growth, according to The Oil & Gas Global Salary Guide 2012.

ContractorCalculator: Contracting news in brief

News this week includes IT growth spurt; oil and gas investment; contracting news from Davos; tax return and VAT deadlines; and weak manufacturing.

ContractorCalculator: Contracting news in brief

News this week includes Scotland’s contract market; financial IT boost; SMEs and contracting; prospects for oil and gas; and marketing spend increase.

IT and engineering contractor demand keeps Scottish contract market buoyant

IT and engineering contractor demand helps keep the Scottish contract market from a marked contraction with Aberdeen leading on temp billings & pay

Contractor Doctor: Can my agent withhold £10k based on 17-year-old restrictions?

Restrictive clauses appearing to stop contractors contracting direct may not apply if they pre-date the Conduct Regs, says Roger Sinclair of Egos.

Contractor Doctor: How much income should I save for holidays and sickness?

Contractors don’t receive sick pay or get paid for holidays, so need to plan their finances to take into account expected, and unexpected, time off.

Contractor doctor: can I be forced to take time off for xmas?

Unless your contract specifies that you are expected to have periods of suspension, there is no reason why you should be obliged to take time off.

Contractor doctor: how can I avoid a gap when going from permie to contracting?

Advises a reader how to make a smooth transition from permie to contracting without a gap in working.

Contractor Doctor: Can my limited company pay for counselling?

Contractors can pay for certain types of counselling without attracting a Benefit in Kind tax charge or employer’s National Insurance Contributions.

Key tax penalties imposed by HMRC on contractors

From late delivery of tax paperwork to giving the wrong information – HMRC can be unforgiving and will fine contractors who don’t play by the rules.

Contractor guide to the settlements legislation S624 ITTOIA 2005, formerly S660

Contractors can assign shares to a spouse despite the settlements legislation, because of the Arctic Systems case, explains Matt Fryer of Brookson.

Contracting abroad: the most competitive countries for contractors

Contractors considering an overseas contract can research their target countries using the World Economic Forum’s Global Competitiveness Report.

Pension drawdown explained for contractors

Contractors may find pension drawdown offers a flexible solution suited to their contracting lifestyle, explains Andrew Gains of ContractorFinancials.

Contractor Doctor: Can my agent withhold £10k based on 17-year-old restrictions?

Restrictive clauses appearing to stop contractors contracting direct may not apply if they pre-date the Conduct Regs, says Roger Sinclair of Egos.

  
  

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