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The latest news affecting contractors in the UK. Featuring the state of the contractor job market, IR35, and umbrella companies.

There’s no excuse for late filing of tax returns, or is there?

There’s no excuse for late filing of tax returns, or is there?

Today really is the last day that you can file their self-assessment returns without receiving a late filing penalty from HMRC.

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Contractor accountants should prepare for online VAT filing

Contractor accountants should prepare for online VAT filing

Now that the January 31st online self-assessment filing date has passed, accountants for contractors can turn their minds to online VAT filing.

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Reed loses long running battle with HMRC over salary sacrifice

Reed loses long running battle with HMRC over salary sacrifice

You may have been following the recent tax case involving HMRC and specialist recruiter Reed.

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Should banks have a separate accounting regime?

Should banks have a separate accounting regime?

Contractor accountants may be interested to learn that Andrew Haldane has called for a separate accounting regime for UK banks. He recently told the ICAEW that the current bank accounting rules do not take enough consideration of the ambiguities associated with assets and liabilities.

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Should employee share ownership schemes qualify for tax breaks?

Should employee share ownership schemes qualify for tax breaks?

Deputy Prime Minister, Nick Clegg, hinted recently that tax breaks may be available to firms that offer employee share ownership schemes.

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How many taxpayers will miss the self-assessment filing deadline?

How many taxpayers will miss the self-assessment filing deadline?

Contractor accountants may want to remind their clients that the deadline for filing self-assessment income tax returns is fast approaching.

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HMRC will not pay compound interest on overpaid VAT

HMRC will not pay compound interest on overpaid VAT

Contractor accountants who have overpaid VAT are unlikely to be allowed to claim compound interest from HMRC.

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HMRC launches new Contractual Disclosure Facility

HMRC launches new Contractual Disclosure Facility

Contractor accountants may be interested to learn that HMRC intends to introduce stricter procedures for dealing with investigations into civil fraud at the end of this month.

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Why is Tony Blair hiding behind a limited partnership?

Why is Tony Blair hiding behind a limited partnership?

Contractor accountants might be interested to learn more about the recently published accounts of former PM Tony Blair.

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Will contractor accountants take part in alternative disputes resolution pilot?

Will contractor accountants take part in alternative disputes resolution pilot?

Contractor accountants may be interested to learn that HMRC launched an alternative disputes resolution pilot scheme for SMEs in North Wales and the North West of England last week.

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HMRC to recoup overdue tax through PAYE system

HMRC to recoup overdue tax through PAYE system

Contractor accountants need to be aware that HMRC intends to code out employee debts of less than £3,000 through the PAYE system.

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Tackling tax avoidance is high on the government’s agenda

Tackling tax avoidance is high on the government’s agenda

Accountants for contractors might like to know that both PM David Cameron and his deputy Nick Clegg have indicated that a general anti-avoidance rule will probably be included in this year’s budget.

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