Contractors could be in line for tax rebates
Millions of taxpayers, including umbrella company contractors, could be in line for a tax refund after HMRC reconciles its books.
Millions of taxpayers, including umbrella company contractors, could be in line for a tax refund after HMRC reconciles its books.
Although the new tax changes have been widely publicised, it appears that a lot of people, including umbrella company contractors, are still unaware of the effect they will have on their personal finances.
A group of MPs has said that tax professionals should be given the opportunity to scrutinise how policy changes will be implemented during the legislative phase.
Contractors may want to take the advice of the Nationwide and use their ISA tax relief allowance for this year before it runs out.