news

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

Why are female accountants paid less than their male counterparts?

Why are female accountants paid less than their male counterparts?

More than 50% of female accountants believe they are held back because of their gender and this affects their chances of promotion and their salary. Only 12% of men think they are disadvantaged in the same way, according to a recent study by Marks Sattin.

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HMRC is in the doghouse, again!

HMRC is in the doghouse, again!

HMRC has got it wrong yet again! 12,000 taxpayers have received penalty letters demanding the immediate payment of overdue tax even though the department had already reached an agreement with those concerned that there was no need for them to fill in a self-assessment form.

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HMRC will track down VAT fraudsters wherever they may hide

HMRC will track down VAT fraudsters wherever they may hide

Contractor accountants should be in no doubt that HMRC will track down fraudsters wherever they may be.

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Daily £10 penalties for self-assessment late filers start on May 1st

Daily £10 penalties for self-assessment late filers start on May 1st

HMRC has issued a reminder to everybody, including contractor accountants, who have still to file their tax return for 2010-11 that daily penalties will start accruing if it is not returned before the first of May.

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Are online accountants ready for cross-border invoicing?

Are online accountants ready for cross-border invoicing?

You may be aware that new EU cross-border invoicing and VAT directives come into force in 2013, but there is now concern that these are open to interpretation.

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UK Uncut to get its day in court on June 13th

UK Uncut to get its day in court on June 13th

Contractor accountants may be interested to learn that UK Uncut, the activist group that is against the government’s spending cuts, has won the right to take HMRC to court over its dealings with Goldman Sachs.

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Real Time Information pilot scheme gets underway

Real Time Information pilot scheme gets underway

HMRC is moving forward with its plans to implement Real Time Information and has received the first set of returns from its pilot scheme.

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When will HMRC improve telephone response time?

When will HMRC improve telephone response time?

Contractor accountants will probably agree that HMRC should do something to improve the time it takes to answer incoming calls at its contact centres.

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Are Osborne’s targets for HMRC too ambitious?

Are Osborne’s targets for HMRC too ambitious?

The ICAEW has warned the Chancellor of the Exchequer, George Osborne, that the standard of service at HMRC could drop if its headcount decreases in line with his remit.

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It’s crunch time for users of online accounting software!

It’s crunch time for users of online accounting software!

Now here’s an offer you won’t want to miss! Free accounting software! Yes, it’s true; contractors, freelancers and micro-businesses can now use Crunch’s online Solo accounting software completely free of charge.

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Switzerland now classes as an EU state for Social Security purposes

Switzerland now classes as an EU state for Social Security purposes

It’s possible that accountants for contractors might have some clients who work in Switzerland. They should therefore be aware that HMRC now treats Switzerland as an EU member state for the purposes of Social Security.

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Did HMRC’s Easter shutdown affect contractor accountants?

Did HMRC’s Easter shutdown affect contractor accountants?

Most contractor accountants probably agreed with the FPB when it criticised the Revenue for closing down its online services throughout the Easter holidays.

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