Will it be bonanza time for umbrella companies next week?
Contractors working through limited companies might be tempted to switch to umbrella companies once the full extent of the Revenue’s IR35 assessment criteria becomes known next week.
limited companies
Nearly half a million new UK businesses launched in 2011
Umbrella company contractors might be interested to learn that despite the continuing economic turmoil at home and abroad this year, experts predict that more than 470,000 new businesses will have been created before the end of 2011.
HMRC finds £42 billion tax gap
Any contractors currently at work in the UK as either limited companies or sole traders may be interested in a new series of figures recently published by HM Revenue & Customs.
Don’t ignore tax reforms says the IMA
The Investment Management Association has said that the government must not be detracted from the need to reform the UK taxation system just because spending cuts are being implemented.
HMRC stand firm on late payments of VAT
According to new figures published by IT service provider Syscap, the number of Time To Pay VAT requests rejected by HMRC has more than doubled in the first 3 months of 2010.