In this section, you'll find contracting and tax guides, and updates.
The Chancellor delivered a spirited Budget speech today. The Budget was broadly pro-enterprise and delivered a wide range of policies which can only make the UK a more competitive place to do business in. However, IR35 is set to stay intact.
The Office of Tax Simplification (OTS) has published its interim report on how best to simplify the way small businesses are taxed. Of particular interest to contractors will be the proposals for alternatives to IR35.
Limited company contractors will benefit from a cut in the small companies' Corporation Tax rate from 21% to 20% from April 1st 2011.
The standard rate of VAT rises to 20% from 4th January 2011, and the Flat Rate VAT scheme percentage used by most IT contractors in tax calculations have also been updated.
PCG has welcomed news that the Government is set to announce a major shake-up in the Intra-Company Transfer rules today.
A new report on how to simplify the UK's tax system, published by the Institute of Fiscal Studies, contains radical proposals which may affect how all individuals and corporations are taxed.
Given the headlines on many contractor news sites over the past few months, one could be forgiven for thinking that the IR35 rules are about to be abolished.
A new online employment status test has gone live this week, which will let you know if you are likely to be caught by the IR35 rules or not.
The newly launched Office of Tax Simplification (OTS) has been tasked with reviewing IR35 "as a priority".
Clarity's MD says that contractors should be generally pleased with the outcome of yesterday's Budget.
