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Access a library of factsheets to summarise many of the key issues that affect contractors.
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There are many complicated items of legislation, terminology and concepts for freelance contractors to consider.
To help contractors obtain and understanding of information that may be important to them, the following factsheet material is provided as a guide source.
Your safety at work is our priority. We continue to monitor the spread of COVID-19 closely.
Who will be responsible for determining IR35 status? Will this lead to blanket inside IR35 decisions by the end user? ...and more.
It may be possible to offset certain expenses when providing services from a home office base.
On the 25th May 2018, the law around General Data Protection Regulation (GDPR) changes.
The Criminal Finances Act 2017 (CFA) came into force on 30 September 2017.
Introduced by the Department of Business, Innovation and Skill (BIS) in April 2004, regulations detail the minimum standards that work-seekers and hirers are entitled to expect.
The Agency Workers Directive was implemented in the UK on 01 October 2011 via the Agency Workers Regulations 2010.
It is now a general requirement that freelance workers who own/operate Personal Service Companies (PSC) will hold some form of business insurance.
If a company car is supplied as part of your employment, and if you are able to use it for personal transport outside of work, then it becomes a taxable perk.
Many freelance contractors have, over the years, built up real value in their limited companies. Some will sell their businesses but many will simply close their companies down and distribute what monies are left in the company to its shareholders.
Guidance note to contractors who own personal service companies
During the Budget in November 2017, the Chancellor confirmed that the method for calculating dividend tax will change.
The Flat Rate VAT scheme was introduced in 2002 and is available to all small businesses or sole proprietorships. The FRS differs from standard VAT accounting as you pay a percentage of turnover rather than paying VAT on the difference between sales and purchases.
To enable people to save more towards their retirement, The Pensions Act 2012 requires employers to enrol their workers into a Workplace Pension Scheme.
Commonly referred to as IR35, Intermediaries legislation was introduced on 06 April 2000.
A summary of Managed Service Company Legislation.
A limited company will be required to register for VAT if it meets certain criteria. It can also be beneficial for many limited companies to register for VAT even if they are not mandatorily required to.
Guidance and Support tailored to committed/lifestyle contractors who undertake professional freelance assignments.
The National Minimum Wage rate scale confirms the minimum hourly rates that a worker is entitled to be paid in the United Kingdom.
In April 2014, the Government brought in new legislation entitled Offshore Employment Intermediaries.
Paternity Pay, Maternity Pay and Directors Salary.
In April 2014, the Government brought in new legislation entitled Onshore Employment Intermediaries: False Self-Employment.
In most countries, if you stay more than 183 days, then you will considered tax-resident and liable for tax on your worldwide income and gains.
In the 2016 Budget, George Osborne confirmed that an Apprenticeship Levy will come into effect in April 2017.
Changes to Travel & Subsistence Rule
Section 660 is commonly known as Settlements Legislation.
A summary of acceptable documentation required by the UK Border Agency to verify an individuals’ eligibility to work in the UK.
It is getting to that time of year where contractors start to consider ‘office parties’ and what can be legitimately claimed as a business expense.
Statistical analysis shows higher and additional rate tax payers who invest in a buy-to-let property could potentially benefit by holding the property and the rental income in a limited company.
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