Contractor Tax

The old phrase ‘tax doesn’t have to be taxing’ is true, as long as you appoint a good accountant. As a contractor it is recommended you appoint a specialist contractor accountant, as they will have a more in-depth knowledge of contractor specific tax legislation.

In this section James will introduce you to the tax legislation that is likely to affect you and give you a basic understanding of what you need to be aware of. Don’t worry this is what you appoint Dolan Accountancy for!

If you would like to appoint Dolan Accountancy as your accountants, please visit our become a client page or if you have any questions about contracting please call us on 01442 795100 or email Jaime.thorpe@dolanaccountancy.com.

The pages

What are the Changes to the VAT Return Penalties?

HM Revenue & Customs have a new system in place which has changed the way in which penalties are applied for those who are late submitting and paying their VAT returns. Here we take a look at what you need to know.

Making Tax Digital for Income Tax Self-Assessment delayed

With tax professionals calling on the government to pause the roll-out of Making Tax Digital for Income Tax Self-Assessment, the government has decided to delay the launch, giving self-employed individuals and landlords more time to prepare.

The Autumn Budget 2022

On Thursday 17th November 2022, Chancellor Jeremy Hunt announced the details of the Autumn Statement, stating that the next two years would be ‘challenging’.

Mini-Budget 2022

On Friday 23rd September 2022, Chancellor Kwasi Kwarteng announced the details of the Mini-budget, stating what he claims to be the biggest tax cuts in a generation.

The Budget

A list of the most recent budgets from the current and previous Chancellors of the UK.

Tax Avoidance and Tax Evasion

Tax can be complicated and so you might find yourself in a situation where you’re not entirely sure whether you’re acting illegally or not. Here we take a look at the difference between tax avoidance and tax evasion.

Spring Statement 2022

On Wednesday 23rd March 2022, Chancellor Rishi Sunak announced the Spring Statement – here’s what you need to know as a limited company contractor.

Flat Rate VAT Scheme

VAT is tax paid on the majority of goods and services in the UK. To charge and reclaim VAT the company needs to opt into a VAT scheme. In 2018, if a company’s taxable turnover is above £85,000 registration is compulsory. What is the Flat Rate VAT scheme? In a nutshell if you register for Read More...