Contractor News

Making Tax Digital – What it Means for Contractors

There’s been a lot of debate and discussion on the topic of Making Tax Digital (MTD), but HMRC has now confirmed that MTD for business will become mandatory, beginning with MTD for VAT from 1 April 2019.  Who is affected on 1 April 2019 by Making Tax Digital?   All UK businesses that are VAT registered and have a taxable ...

Contractor interviews – are you ready?

You have probably had your fair share of interviews as a permanent employee, but contractor interviews are slightly different. In the following paragraphs, we’ll provide you with a wealth of top tips to help you prepare more effectively for your next contractor interview. Preparation Contractors are coveted for their expert skills and knowledge, so it is imperative that you prepare ...

Autumn Budget 2017 – How Does It Affect Contractors?

As far as the recruitment industry was concerned, the 2016 Autumn Statement was extremely dramatic. The announcement of the public-sector reform of IR35 changed the world for many contractors, and stakeholders at every level of the supply chain have been vocal in their criticism of the reforms themselves, and their implementation

Spring Budget 2017 – What Contractors Need to Know

Dividend allowance: The tax-free dividend allowance will be reduced from £5,000 to £2,000 from April 2018*. A £2,000 dividend allowance will continue to mean that 80% of general investors pay no dividend tax, including those with sizeable investments (typically, up to £50,000). *Snap election.

Flat rate VAT – April 2017 changes explained

The VAT Flat Rate Scheme makes it easier for small businesses to calculate the VAT they need to pay. Businesses can voluntarily register for VAT before their turnover reaches the £85,000 VAT registration threshold so they can make use of the flat rate scheme and have a cash advantage.