While last week’s Budget saw little help for Limited Company Directors, the government have made a number of adjustments to VAT and Self-Assessment payments that could help limited company contractors manage their cash flow at this critical time. Despite the concessions being announced last month, awareness remains low, particularly around the ‘time to pay’ facility that can help limited company contractors spread the cost of their tax bill.…
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An unexpected ruling at the Upper Tribunal has seen HMRC come out on top in the case of presenter Paul Hawksbee. The Judge, Mr Justice Zacaroli, overturned the verdict of the First-Tier Tribunal (FTT), which found in Hawksbees favour back in June 2019.…
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Contractors’ reactions to the controversial IR35 reforms due for roll out this April are picking up momentum as the Treasury shows no sign of listening to their concerns. The Financial Times reported that Deutsche Bank is facing a walkout by contractors in a London change management team who have been compelled by the bank to work through Resource Solutions, a recruitment-outsourcing agency, instead of through their own limited companies.…
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As a contractor, taking realistic measures to protect yourself against periods of low income goes with the territory. Although contracting offers many advantages and lucrative opportunities, it can also be unpredictable. Contractors can spend time out of work between jobs, while their rate can often be affected by fluctuations in market demand.…
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