Contractors working via their own limited company have been advised by the PCG to ensure they are not caught under the IR35 legislation and ensure all new contracts are reviewed by an IR35 expert. This warning has come as the PCG have noticed that HMRC appear to be adopting a more devious approach to tax [...]
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It has been revealed that Deepak Singh, Chief Information Officer at HMRC, who was employed by them for 3 years contracted to HMRC through his personal service company for a three month period beginning June 2009. Singh had a three year contract at HMRC earning £160,000 per annum, ending in June last year.
However, for three [...]
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The month of June saw a surge in demand for highly skilled IT contractors. The month saw the sharpest upturn in demand so far this year.
Powerchex, which issued the figures, said that total contract offers to IT freelancers leapt by a staggering 320% in the four weeks from May, and by 340% against June 2009.
“Fears [...]
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A survey has revealed that almost one in four self employed Britons are considering moving abroad in the next five years. Contractor UK explained one of factors is looming tax rises in the UK.
The findings, compiled by Foreign Currency Direct, add that Australia and New Zealand are seen by self-employed Britons, including contractors, as the [...]
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Contractor UK have today reiterated the statement from HMRC that contractors should not rely upon non-IR35 case law precedent to decide IR35 status.
HM Revenue & Customs announced in March a number of amendments to its Employment Status Manual. This included case law updates in respect of the important High Court IR35 cases of Dragonfly Consultancy [...]
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With this year’s budget set to take place on Wednesday 24th March, those within the contractor marketplace are forecasting what Alistair Darling will set out in the budget that will affect contractors working through umbrella companies and also their own limited company.
Contractor UK believes ‘contractors should emerge relatively unscathed from the chancellor’s Budget on Wednesday, [...]
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Contractor UK this week warned contractors who work via an agency that HMRC were beginning to rely on right of substitution clauses to launch IR35 investigations.
Right of substitution is the ability of a contractor to send someone else in their place to complete a role, and is one of the official tests used to establish [...]
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Companies House, which deals with the registration of businesses, has added 42 new words to a list of company names that are restricted, for having the potential to mislead or sound too official.
Among the words whose commercial use will now require permission, in order to stop businesses feigning some type of authority, are ‘adjudicator,’ ‘bank,’ [...]
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From speaking with contractors around the UK and visiting contracting forums, it appears the recession has lowered contractor rates. There has been talk of ‘green shoots of recovery’ in the contractor marketplace but this appears to be coupled with lower rates for those contracts.
Contractor UK and Shout99 have reported this trend on their websites. It [...]
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