Category: limited
Self-Assessment – New Penalties from HMR&C
HM Revenue and Customs have introduced new penalties which will affect Limited Company Contractors who do not file their self-assessment forms on time or are late paying the tax due; the changes come into force for all 2010/2011 returns and all those thereafter. The new penalties are as follows: an initital £100 fixed penalty which Read More…
IT Contractor Jobs Saved
Hewlett Packard's plan to move hundreds of IT jobs to India have been abandoned following pressure from unions.The work involves record maintenance for the Department of Work and Pensions and the proposal was to move jobs from sites in Newcastle, Lytham and Sheffield to Bangalore The union has said its members have "forced" the government Read More…
High Risk Avoidance Scheme Alert
HMR&C published ‘Spotlights' on 23rd August 2011 to help identify high risk avoidance schemes. The publication will help individuals avoid signing up with Umbrella Companies that operate disguised remuneration schemes. More information can be found https://www.contractorumbrella.com/hmrc_aware_new_avoidance_schemes.html
BN66 Appeals Rejected
Appeals against the retrospective nature of BN66 have been rejected. For full details visit https://www.contractorumbrella.com/BN66_appeals_rejected.html.
Landmark IR35 case – Autoclenz Ltd Vs. Belcher & Others
A landmark IR35 case that confirms a contract written to fall outside of IR35, when the working practises puts them inside the scope, isn't worth the paper it's written on. Our blog has been updated with the full details – http://www.umbrellablog.co.uk/
Tract Management – Offshore Umbrella Company Goes Bust!
It is shocking that a large number of contractors have lost thousands of pounds after the demise of offshore umbrella company Tract Management. Those contractors affected are attempting to band together to bring justice against the owners of Tract Management who just seemed to disappear from the company’s offices overnight. With the introduction of BN66 Read More…
