In this section you will find a number of simple guides to tax legislation that is likely to affect you and give you a basic understanding of what you need to be aware of.
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The Budget 2021
Chancellor Rishi Sunak delivered his much anticipated budget on Wednesday 3rd March 2021 with contractors and the self employed waiting for news on the IR35 changes. You can read a summary of the budget here and what it means for you.
The Budget 2020
On Wednesday 11th March 2020 Rishi Sunak delivered his first post Brexit Budget less than a month into the job. So what exactly did the Chancellor say and, more importantly, what did it actually mean?
IR35 and the private sector
Discover the latest information on the 2020 changes to IR35 in the private sector.
Tier 2 Visa’s & Umbrella Company Contractors
Contractors who want to apply for a visa to work in the UK on a contract should first visit the UK Border Agency website and use the Points Based Calculator to work out how many points they score.
What is a loan scheme, and why you shouldn’t use one
First thing’s first – what is a contractor loan scheme? Contractor loan schemes (or, as the Government calls them, disguised remuneration arrangements) take many forms – but the underlying structure is that a freelance or contract worker signs a contract of employment with an employer or EBT (employment benefit trust), usually located outside mainland UK Read More...
Claiming expenses as an Umbrella company employee
Restrictions on Umbrella employee expenses Prior to April 2016, it was possible for Umbrella employees to utilise a wide variety of expenses to reduce their tax bill. By far the most popular expenses were travel and daily meals (these were known as subsistence expenses). Other common expenses, included: Mobile phone Accommodation Clothing Training Subscriptions Equipment Read More...
Tax-free childcare scheme
How does the Tax-free Childcare Scheme work? To take advantage of the scheme, you’ll need to sign up. This gives you access to an online childcare account, which you can use to pay for childcare costs. For every £8 you put into the account, the government will top it up with £2 – so for Read More...
What are the Agency Worker Regulations (AWR)?
This article primarily addresses the AWR from a worker’s perspective. If you are looking for information about how AWR affects your business – whether as an end client hirer or as an organisation like a recruitment agency or umbrella company – we have further information here. The Agency Workers Regulations (2010), implemented to comply with Read More...