IR35 Archives | Page 5 of 6 | Umbrella Companies

Current tax system “too confusing” for contractors

By UCHQ Team May 25, 2010

The Chartered Institute of Taxation has called on the new coalition to prioritise tax reform. They have written to George Osborne, the new chancellor, highlighted the need to simplify the current tax regime.

Would IT contractors benefit from a rebalanced tax system?

By UCHQ Team May 24, 2010

According to a recent manifesto published by the IT trade association Intellect, a fundamental overhaul of the UK tax incentive system could create as many as 250,000 jobs for IT contractors.

Excessive regulation is killing my umbrella company!

By UCHQ Team May 22, 2010

Recruiters and umbrella companies are drowning in employment red tape and bureaucracy after 13 years under a Labour government.

Labour market set to remain tough for contractors

By UCHQ Team May 14, 2010

The number of short term assignments for limited company contractors, sole traders and umbrella company workers is set to drop according to a new report by the Confederation of British Industry (CBI).

IR35 escape for IT contractor

By UCHQ Team May 12, 2010

After a 5 year fight, Novak Brajkovic has finally won his appeal against HMRC’s interpretation of his service contract. HMRC considered that Brajkovic was a full time employee rather than a contractor.

Complex new tax rules create concern

By UCHQ Team May 5, 2010

If you’ve ever given advice to your friends and family about tax matters, you might be interested in the views of one of the UK's leading tax experts.

Contractor group sees glass half full over IR35

By UCHQ Team May 4, 2010

It had been hoped that a Conservative government would scrap IR35 but it now appears that this may not be the case. A Tory spokesman said last week that this may not be a viable option.

Are banks really lending to small companies again?

By UCHQ Team April 29, 2010

According to recent reports in the financial media, Britain’s banks are now approving 80% of small business loan applications, which should come as good news to limited company contractors and sole traders.

The self employed umbrella company

By UCHQ Team April 26, 2010

In my world, the term "self employed umbrella company" is a tad paradoxical. After all, a traditional PAYE umbrella employs their workers and provides (or should provide) the various benefits commensurate with employment.

HMRC to clamp down on last gasp dividend payments

By UCHQ Team March 18, 2010

Limited company contractors could once more be in the firing line with HMRC. According to accountancy firm Smith & Williamson, HMRC will be closely monitoring the use of dividend payments between now and the end of the tax year.

REC to produce guidance on the Agency Workers Directive

By UCHQ Team March 12, 2010

With full implementation of the Agency Workers Directive less than 20 months away, the REC has announced that it will issue new guidance to help recruiters, contractors and umbrella companies ensure their businesses are compliant in time for October 2011.

Umbrella companies brace themselves for the Budget

By UCHQ Team March 11, 2010

The last budget before the general election will be presented on March 24th, the Treasury confirmed yesterday. It is thought that the Chancellor will unveil his plans to cut the growing public deficit by 50% over the next 5 years.