The expense playing field continues to level
The mis-selling of expenses as a tax benefit continues to be eradicated albeit slowly!
June Budget 2010 – Contractor win?
Did the first coalition emergency budget help Contractors with roles and rates and how the VAT rise will give you more cash.
Contractor expenses get another view by HMRC
Latest HMRC Tax Bulletin restates intention to continue looking at “expense led schemes” for Contractors and wrongly operated Umbrella’s.
HMRC Slip Expense changes in….
Winners and losers in expense rates for all Umbrella Company contractors and employers.
Yet Another Expenses Blog
Will HMRC introduce fixed expense levels across the UK at the budget?
The taxman’s getting tougher
The taxman’s getting tougher. After the pre-budget report, what next for contractors and agencies?
No changes to the rules surrounding expense claims by contractors! After this good news for contractors in November’s pre-budget report, what next? I’m wondering what HMRC has in store and how it will affect Contractors and Agencies.
Risk & Reward – Would You Bet the Mortgage?
Last Wednesday, we saw HMRC issue some updates in relation to Managed Service Company (MSC) legislation. Since the MSC legislation came into force (April 2007) we had seen a wealth of “tax efficient” solutions spring up – many claimed very high returns for Contractors and the amount of money that was pumped into legal advice and Google advertising meant that they will have been attractive to many.
Pre budget delivers a sensible result for umbrella contractors
Buried amongst the headlines of today’s Pre Budget Report (PBR) came the news that the Government had listened to contractors, compliant umbrella companies, agencies and trade bodies. Under the heading “Helping People Fairly” the Treasury has “…decided to leave the current rules (Tax relief for travel expenses; temporary workers and overarching employment contracts) unchanged.” This is great news for contractors who work for Parasol and means that the risks that contractors take in finding work, travelling and working hard have been recognised.
Expenses – Parasol consult with Treasury
The period of consultation that related to Travel and Subsistence expenses for Contractors completed on the 13th October. In that time Parasol had met with HM Treasury more than once and had worked with the Service Providers Association (SPA) to ensure that the “compliance” message was heard.
Expenses – a new level playing field?
As REM once said, it’s the end of the world, as we know it, or is it? Our friends in HMRC released a new consultation paper last week that explores the concept of Over Arching Employment Contracts and Expenses. Or put another way, “Expense abuse by Umbrella Companies and Agencies”.