Contracting Consulting Freelancing Made Easy

Small firms of contractors are claiming that they are still finding it difficult to win government contracts, even though the Cabinet Minister Maude has claimed that the measures put in place by the government to stop this problem are proving to be working. The measures put in place by the government last month included binning [...]

Following the end of the tax year, contractors will be aware that is looming and submissions must be made by 19th May, and experts have released guidance for contractors in the UK that this deadline applies to. It is essential for contractors to first establish whether they are a service company, and if so they [...]

HMRC have confirmed that on May 7th 2012 they will release a ‘business entity test’ and guidance notes in a bid to assist contractors to assess whether they are caught by the IR35 legislation which was introduced in 2000. At an IR35 forum which took place on April 26th, a HMRC spokesperson confirmed that the [...]

The Prime Minister David Cameron appeared on the BBC on April 26th stating that he believes that HMRC are correct in their stance on contractors who set up a limited company for the sole purpose of avoiding high tax bills. He said that he would not have any personal dealings with contractors who were avoiding [...]

Contractors who dodge the tax man will have had a scare recently when an IT contractor who avoided paying taxes to HMRC was recently caught out. The man had hidden almost £2 million that he had earned working as an IT contractor for clients in the banking centre in the capital city of London, and [...]

Gone are the days when you used to send your paper documents to file your VAT returns, as HMRC are now making online submissions a necessity. For all submissions after 1st April this year, HMRC have made it compulsory to sign up to online VAT filing and have said that paper submissions will no longer [...]

According to national statistics, Freelancers in the UK who do not work as a limited company pay on average an additional £421 per year more in income tax. In the 2011/12 tax year, freelancers who were operating as sole traders, partnerships or freelancers handed over £12 billion in taxes that could have been avoided, said [...]

In the Budget, the government announced plans to prevent excessive tax relief on earned income, however advisers have been warning that this may be devastating for many self-employed contractors and freelancers in the UK. As of April next year, any person wishing to reclaim over £50k in tax relief for a single tax year will [...]

Many people are confused over VAT, and quite honestly it’s no wonder. There is a lot of confusion surrounding VAT rules and who has to pay or charge what when. So we’re going to explain it simply. If you are VAT registered in the UK, you must charge VAT on all sales that are taxable. [...]

It has been revealed that many freelancers have no faith in the chancellor, George Osborne, in his policies to increase growth in the UK. A recent survey by YouGov, which was launched prior to the budget last week, confirmed that more than 50% of freelancers in the UK did not feel that the policies that [...]