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This week it is the turn for the Conservatives to hold their annual party conference in Manchester and yesterday (Monday) it was time for the Chancellor, George Osborne, to stand up and speak to the delegates. Reported by the BBC, … Continue reading
HMRC have come up against recruitment company Reed Employment in a recent tax tribunal decision. The case against HMRC could end up costing them hundreds of millions of pounds in tax revenue, related to the amount of VAT that Reed charged … Continue reading
As workers begin the New Year, a number of groups have commented on the outlook for the next 12 months for contractors and freelance workers. The REC and the CIPD remain fairly positive, however they do issue some caution. Kevin … Continue reading
The PCG has given a fresh warning to contractors regarding their tax records. HMRC have revealed that they plan to investigate more tax issues over the next 4 years and contractors have been advised to keep accurate and up-to-date records … Continue reading
The governor of the Bank of England, Mervyn King, has warned that the UK economy faces a “choppy recovery” over the next two years. His comments came as the Bank lowered its economic growth forecast and said inflation would stay … Continue reading
The emergency budget was this afternoon read by George Osborne and here at Independent Contractor Services (ICS), we have compiled a list of key points which are likely to affect all contractors, whether you are a sole trader, paid via … Continue reading
Contractors working through their own limited company should be aware that from April 1st, 2010 all cheque payments for VAT, sent to HMRC by post will be treated as being received by HM Revenue and Customs on the date when … Continue reading
In a bid to be more in tune with UK citizens, HM Revenue and Customs are increasingly using new technologies as they strive to keep us updated with changes in legislation, online filing and much more. They have a blog … Continue reading
Last week Chancellor Alistair Darling unveiled the Pre-Budget Report. Across the contracting industry there were gloomy predictions of what it might contain, but the good news is it wasn’t the disaster many thought it would be. Below we have highlighted … Continue reading
HM Revenue and Customs has confirmed that the rate of VAT for most firms will revert to 17.5% on January 1 2010, despite pleas for a postponement. HMRC said that all businesses, including contractors with limited companies, who apply the … Continue reading
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