Latest Contractor News
Keep up to date with all the latest contractor news. We have written everything in plain English, so there’s no need to go to the overly complex HMRC website to learn about any tax and accountancy related updates.
CEST IR35 tool fails to deliver
Qdos: ‘It’s staggering that CEST allows so many contractors and businesses to be left in limbo. These are decisions that carry with them tens, sometimes even hundreds of thousands of pounds in tax liability’.
Read this post
Chancellor urged to extend furlough scheme to save jobs
CIPD: ‘If we are to achieve economic and jobs recovery in the second half of next year, the government must raise its ambition on job protection and investment in skills’.
Read this post
Calls for a Freelance Commissioner to support those struggling in the sector
IPSE: ‘We are asking for a dedicated Freelance Commissioner – to look at freelancer support, to build the resilience of the sector and to champion the UK’s crucial freelance community’.
Read this post
Pandemic leads to rise in late payments
The proportion of late payments has increased considerably since the pandemic began, with UK businesses reporting 47% of the total value of invoices are paid late.
Read this postThe Complete accountancy package... only £95 per month
We’ll give you a dedicated accountant and a whole lot more.
SIGN ME UP
Self-assessment customers urged to watch out for scammers posing as HMRC
Many scams target customers to inform them of a fake ‘tax rebate’ or ‘tax refund’, with imposters using language intended to convince them to hand over personal information in order to claim the ‘refund’.
Read this post
HMRC confirms virtual Christmas parties are exempt from tax
HMRC: ‘The cost of providing food, entertainment, equipment and other expenses which may be incurred in hosting a virtual event, will be exempt, subject to the normal conditions of the exemption being met’.
Read this post
Third SEISS rules are stricter and more complex
IPSE: ‘These complex rules may deter many self-employed from claiming support they need – and leave those who do always looking over their shoulder for fear of HMRC demanding the money back’.
Read this post
UK firms urged to file annual accounts sooner rather than later
Companies House: ‘By asking companies to submit their accounts early and preferably online, we are trying to ensure that they experience peace of mind during the busy end of year filing period’.
Read this post