IR35 case delivers first ever split verdict
Umbrella company contractors will no doubt be interested to learn that an unprecedented verdict was recently passed down in an IR35 case.
How much can contractors put in their pension fund this year?
Contractors are no doubt aware that the government recently changed the rules on the amount of money people can put aside in a pension scheme and still benefit from tax relief. It used to be £225,000, but earlier this year chancellor Osborne reduced that to a mere £50,000 per year.
HMRC signs deal with Experian to catch tax credit fraudsters
Umbrella company contractors who receive tax credits or other financial assistance may be interested to learn that HMRC recently signed a deal with Experian to help it catch people who fraudulently claim tax credits and other benefits.
HMRC has a rethink on IR35
Umbrella company contractors might be interested to learn that HMRC is considering changing the way it thinks about IR35.
Have any umbrella company contractors hidden money in Switzerland?
Contractors with HSBC bank accounts in Switzerland could be receiving a letter from the taxman in the near future.
Should umbrella companies be concerned about income tax/NI merger?
Umbrella company contractors may be interested to learn that a firm of chartered accountants has expressed concerns about the plan to merge income tax and national insurance.
2,000 people complain about threatening letters from HMRC
Since 2009, HMRC has sent out approximately 17 million letters to taxpayers, including umbrella company contractors. Now it has emerged that around 2,000 people have complained about the threatening tone of HMRC’s debt recovery letters.
HMRC dramatically improves IR35 yield
Umbrella company contractors who have been longing to see the back of IR35 might be interested to learn that HMRC’s average yield per case has leapt by 100%.
Some contractors could receive a Christmas present from HMRC
Millions of people, including umbrella contractors, could be in line for an early Christmas present from HMRC in the form of a tax rebate. 6 million income tax rebates will be made following the identification of PAYE errors in the years up to 2007/08.
HMRC levies unfair penalties on taxpayers
Umbrella company contractors have the peace of mind of knowing that their income tax is deducted at source. But contractors in the UK who file their own tax returns should be aware that HMRC continues to delay sending out penalty notices despite losing recent tribunal cases.
Progress at last from the IR35 Forum
Contractors, including those working through an umbrella company, may be interested to learn that the IR35 Forum is starting to make real progress.
Umbrella contractors need to get their tax affairs in order
UK limited company contractors may want to seek the advice of an accountant now that the coalition has struck a deal with the Swiss government in a bid to win the battle against offshore tax evasion.
