Industry News Articles

Ebay traders are reported to have been targeted by HMRC as HMRC believe that many may be underpaying tax.

If you are a contractor looking to trade through your own limited company or personal services company (PSC) but are unable to open a business bank account because of a poor credit history then PayMatters can help.

If you are a contractor working in the UK then there are a number of websites that may offer you useful advice:

If you are a contractor working through your own personal services limited company or employed through an umbrella company then it is important that if you missed the 31st January deadline for submitting your tax return (online) that you submit by the end of April.

Key Taxation Changes for Umbrella Company contractors from 6th April 2012 and for Personal Service Companies (PSC's) from 1st April 2012:

IR35 has been in the news again this week with HMRC introducing a new Business Entity Test and also giving example scenario’s of what to expect if they were to perform an IR35 review on you or your business.

9th May 2012 and HMRC have today launched a pdf in respect of Intermediaries Legislation (other known as IR35) explaining their new IR35 Business Test and also providing some typical IR35 example scenario's.

The HMRC Business Test that was due to launch on 7th May 2012 is not yet visible on the HMRC website.

The good news is that despite first class postal costs rising to 60p for a first class stamp there is no need to incur postal costs when dealing with PayMatters Umbrella Company.

4Dm1n | 26 March 2012
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HMRC have issued the notes for the IR35 Meetings held in February and March 2012.