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No huge shocks with duty increases on high value home purchases and the usual culprits: beer, tobacco and petrol!
Income Tax and Personal Allowances. No change to rates previously announced. The changes previously announced mean the following changes from 6th April 2010:
PayMatters have bought the domain name itcontractor.co.uk and have begun developing a new website dedicated to information for IT Contractors working in the UK.
HMRC have the following advice for contractors who expect their contract to be for a term greater than 2 years.
If you are paying a £15 (or more) CHAPs fee for same day payments with your Umbrella Company then you don't need to.
Often Umbrella Companies quote that if you are a contractor looking to join them then your contract must be be for a period of less than 2 years. This isn't stricly true.
As a contractor it can be difficult to obtain a mortgage due to the uncertainty that some lenders believe exist in your earnings. The truth is that being a contractor you are often in a better position to find new work than someone who has been employed for the same employer for a number of years!
PayMatters are now using Experian for online verifcation of ID for new contractors joining their Umbrella Company.
The Agency Workers Directive is expected to mean that "contractors" working through Umbrella Companies will also be classified as workers in the Working Times Regulation 1998.
PayMatters is pleased to announce that it has had its application for scale rate susbsitence payments accepted by its local tax office.
What are the key points you should consider if your are a contractor thinking of using an Umbrella Company?
