Employment intermediaries reporting catches limited company contractors, says HMRC
Employment intermediaries legislation reporting requirements includes personal service companies, shows new draft legislation and guidance from HMRC.
ContractorCalculator: Contracting news in brief – 13/Feb/2015
News this week covers: IR35 yield plummets; umbrella expenses; IPSE’s new department; no more PQQs; and HSBC Swiss account holders face SFO probe.
IR35 2013-14 tax yield collapses, pushing HMRC compliance into the red
IR35’s tax yield fell to just £430,000 during 2013/14 driving HMRC’s compliance operation into the red by up to £170,000 and wasting taxpayers’ money.
Contractors can turn the oil and gas sector slump to their advantage, suggests DNV GL
Oil and gas contractors can benefit from the impact of falling oil prices as many clients plan to maintain investment, suggests a report by DNV GL.
IR35 could become irrelevant within months, with new rules taking effect from April
IR35 could become effectively dead within months once the new Employment Intermediaries reporting requirements come into force from April 2015.
Contract market stabilises but skills shortages persist, shows latest Report on Jobs
Contractors are seeing the contract market stabilising, although demand for specialist skills is sustained, says January’s REC/KPMG Report on Jobs.
ContractorCalculator: Contracting news in brief – 6/Feb/2015
News this week covers: Employment intermediaries reporting; Gauke recognises umbrellas; high pay in North West; & HMRC anti-avoidance and penalties.
Contractor Employment Intermediaries reporting still in doubt, despite HMRC response
Contractors are still uncertain about what reporting is required under the Employment Intermediaries legislation despite HMRC’s consultation response.
ContractorCalculator Market Report February 2015
Contractor demand trends continue their upward trajectory, fuelled by election uncertainty & underlying demand increases due to labour market changes.
OTS Employment status review key questions: ContractorCalculator’s response
ContractorCalculator responded to the Office of Tax Simplification’s (OTS) request for responses to key questions for its Employment status review.
ContractorCalculator: Contracting news in brief – 30/Jan/2015
News this week covers: skills shortages; IPSE index; oil and gas opportunities; HMRC five figure fines; and unions attack AWR Swedish Derogation.
IT and engineering contractor opportunities grow as skills shortages worsen
Contractors with scarce IT, engineering and technical skills have an increasing number of contract opportunities, says the latest REC JobsOutlook.
ContractorCalculator: Contracting news in brief – 23/Jan/2015
News this week covers: contracting in Scotland; financial sector growth; late payment conciliation; data protection breaches; and HMRC phishing guide.
Contractor demand in Scotland ends 2014 with solid performance, focusing on Edinburgh
Contracting market activity centred on Edinburgh during December 2014, with IT, engineering & financial contractor sectors performing well at yearend.
ContractorCalculator: Contracting news in brief – 16/Jan/2015
News this week covers: election uncertainty; local authority contractors; oil & gas contracts; Welsh Assembly bans umbrellas; and tax return warning.
Contracting market at quarterly high, as election uncertainty may benefit contractors
The contracting market reached a quarterly high in December 2014. Fears over election uncertainty may benefit contractors: REC/KPMG Report on Jobs.
ContractorCalculator: Contracting news in brief – 9/Jan/2015
News this week covers: IR35 Forum Administration Review; IPSE infrastructure call; TUC misunderstands umbrella; 2015 predictions and 2014 highlights.
IR35 Forum Administration Review highlights no progress on administering IR35
The IR35 Forum Administration Review shows that the tax legislation’s implementation has not improved, despite new measures introduced in May 2012.
Review of IR35 administration by HMRC says nothing about its effectiveness
Contractors learn little about how effectively HMRC is applying IR35 following the May 2012 changes, based on the IR35 Forum Administration Review.
ContractorCalculator Market Report January 2015
Contractor prospects for 2015 are positive, with the core contracting disciplines of IT, engineering, construction & finance forecast to perform well.
Contracting in 2015: experts predictions for contractors in the New Year
Contractors can expect 2015 to be action-packed, featuring an election, tax legislation, exciting opportunities and ongoing contracting sector growth.
Contracting in 2014: IR35, tax avoidance, Lords’ PSC inquiry and growth
Contracting in 2014 saw self-employment surge against a backdrop of ongoing IR35 enforcement, a PSC inquiry and draconian anti-avoidance legislation.
Contractors using subcontractors face nightmare from draft HMRC legislation
Contractors subcontracting work to other contractors and freelancers face a red tape nightmare from HMRC’s new onshore intermediaries reporting regs.
ContractorCalculator: Contracting news in brief – 19/Dec/2014
News this week covers: expenses tax relief threatened; new subcontracting rules; demand in Scotland; oil & gas rate cuts; and financial IT demand.
Limited and umbrella company contractors unaffected by expenses consultation response
Limited company and umbrella company contractors are unlikely to be affected by the government’s response to the OTS expenses exemptions consultation.
Contractor travel and subsistence tax relief threatened by government consultation
Limited company and umbrella company contractors face having tax relief on travel and subsistence withdrawn according to new government consultation.
What is a contractor?
A contractor is a highly skilled contingent worker providing knowledge-based services direct to clients or via agencies on a project by project basis.
Contract market in Scotland continues to grow, outpacing permanent hiring
Contractor demand in Scotland outpaced the demand for permanent employees during November 2014, highlights the latest Bank of Scotland Report on Jobs.
ContractorCalculator: Contracting news in brief – 12/Dec/2014
News this week covers: OTS recommendations; umbrella consultation; contractor demand; HMRC VAT campaign; oil & gas skills; & HMRC targets solicitors.
Contractors to benefit from government response to latest OTS proposals
Contractors will benefit as the government responds to the Office of Tax Simplification’s recommendations that include merging income tax and NICs.
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