Contractor Taxation
Advice and information on Contractor Taxation topics. For further guidance call Freelancer Accounting on 0800 135 7157.
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General Anti Abuse Rule (GAAR)
An important consultation document doing the rounds at the moment is the new General Anti Abuse Rule (GAAR) which is targeted at artificial and abusive tax avoidance schemes which can not be reasonably regarded as a reasonable course of action… Continue reading
Are you prepared for your Limited Company year end?
If you freelance or contract through your own Limited Company you will probably be aware that your company will need to pay corporation tax on its profits and certain expenses, provided they are incurred within the accounting year in question will attract a corporate tax deduction.
If your company year end is approaching what should you do? Continue reading
Thoughts on the Olympics
Its has been great watching team GB win a few medals, and people are now getting excited about the track and field events coming up, we are in for a good week of sport.
When the Olympics is over, its… Continue reading
PCG state the new IR35 guidance is an own goal by HMRC
PCG state that the new IR35 guidance issued by HMRC is an own goal.
Chris Bryce, chairman of PCG said:
‘HMRC’s new guidance demonstrates their fundamental lack of courage and committment to improve the operation of IR35′
Where is the line between Tax Evasion and Tax Avoidance?
If you watch the news or read the papers you will see stories about celebraties and sports stars using fancy tax schemes to avoid or delay payments of tax. To the average man or woman in the street this seems… Continue reading
Will PAYE be enforced on Contractors?
The last few months have been interesting times for freelancers and contractors, mainly caused by an increased public (or media) interest in tax avoidance and evaision schemes. Politically the Government has to judge the public mood and be seen to… Continue reading
Does working from home affect CGT?
Working from home as a freelancer or contractor is an increasingly popular way of working but could working from home and claiming a deduction from your income tax bill for the costs i.e. the heating and lighting cause you a… Continue reading
Got a penalty?
If you have received a penalty from Companies House for late or non submission of a return or accounts you will have asked yourself is this an allowable expense for corporation tax.
The short answer is No. Fines and penalties… Continue reading
Are you an online trader?
Its has been well documented that HMRC are on a dash for cash and are currently gathering as much information as possible from online auction sites about online traders as part of its e-market place campaign.
HMRC Risk and Intelligence… Continue reading
