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Contracting News - Latest Updates: Page 56

Relief as government climbs down on capital gains tax
The Government has abandoned its capital gains tax hike which would have been costly to contractors who seek to sell their businesses.

Accountax win IR35 case for contractor
First Word Software Ltd won an IR35 case largely because it was very clearly in control of its own work.

Contractor loses £99,000 in IR35 case for being 'part and parcel'
A contractor has lost an IR35 ruling that will cost his company £99,000. He was ruled 'part and parcel' of the end-client, being a full-fledged member of the client's teams and even having spot-checks.

Professional contractors group supports libdem motion on income shifting
PCG is strongly supporting the motion by Liberal Democrat Sir Robert Smith opposing the Treasury's income shifting legislation. We should all join in supporting it.

Professional passport brings advice and banking to contractors
On 21 January, a new website called Professional Passport will offer contractors advice on key issues and eventually banking services. And it's all free if your agency signs up.

Green calls contracting loophole for illegal immigrants ''preposterous''
In an interview with ContractorCalculator, Conservative Shadow Minister for Immigration Damian Green said that allowing illegals to work as contractors ''preposterous.''

Lawspeed IR35 win shows contractors can prove status
Lawspeed has won a significant IR35 case before the Special Commissioners.

Audit standards for service providers help contractors
Contractors will be aided by having service providers who can comply with HMRC audit standards. It's about getting good advice.

PCG makes tax and contractors abroad priorities for 2008
The PCG is prioritising duty of care for HMRC, income shifting, and the EU legislation regarding contractors abroad as top targets for 2008.

It contracting rates still average 40 pounds, but some see rises
IT contracting rates in the UK still average around 40 pounds per hour, according to a survey just released by ATSCO/Skillsmarket.

Illegal immigrants can't be employed - but they can be contractors
The Government has launched a major campaign against illegal immigrants in the workplace. But they seem to have forgotten about illegal immigrants who work as contractors? A strange gap in the legislation.

UK IT contractors love their work, JSA survey says
A survey by JSA shows that UK contractors still expect pay rises in 2008.

Contractor calculator market report - January 2008
Demand for contractors fell in December following the usual seasonal pattern. Hi-tech contractors should expect demand in the coming year to be increasingly skills-based.

Getting down to the details in income shifting for contracting
The Chartered Institute of Taxation has shed some light on how we should apply the new income shifting burden that the Treasury has placed on our shoulders.

Parity sees public sector contracting remaining strong
Public sector contracting has been dogged by a series of scandals, but Parity, an agency specialising in the area, believes that it will remain strong thanks to ongoing projects.

IT contracting - steady demand expected for 2008
A series of paradoxical contingencies afflicts IT contracting in the UK. But a close look at the trends shows steady demand will be the overriding move in 2008.

Professional Passport: a new legal help site for contractors
Professional Passport is soon to provide compliance help on tough topics like managed service company legislation.

Income shifting proposals: how contractors should cope
The Treasury wants to put an end to income shifting, but contractors who share dividends with their spouses may be able to take concrete action to help ease the pain.

Agency workers directive - how will it affect UK contracting?
The consequences of the Agency Workers Directive, which will make many contractors into employees, are not positive for UK contracting, nor even for the Revenue.

Contractors see change of courts position on employee rights
An interview with Adrian Marlowe, managing director of recruitment industry specialist legal consultancy Lawspeed, on what is changing in the courts about employee rights.

Leading conservative John Redwood slams income shifting proposals
Conservative economic policy leader John Redwood slams the Treasury's Income Shifting proposal.

Contractors must decide what their spouses are worth in income shifting proposal
The Government has published its consultation document on income shifting, and it's not pretty.

Agency workers directive - government postpones inevitable for contractors
The Government has won a delay on the passage of the Agency Workers Directive, but there is no sign that it will be able to block it again next year.

Contractor calculator market report - December 2007
More dynamic growth was seen this month for IT, engineering and construction, despite a wavering UK economy.

Government about to lose battle for contractors in brussels
Government Business and Enterprise Secretary John Hutton faces a major defeat in Brussels, as most EU Member States line up behind the Agency Workers Directive, which means fewer contracts for all of us.

Contractors need to save for corporation taxes and vat
Running your own company also means making sure you can pay corporate tax and VAT when they come due.

Exclusive: courts to take away employment rights for contractors
An upcoming court decision is expected to deprive contractors of chances of obtaining their employment rights at the Employment Appeals Tribunal.

Contractors are closer to payback for revenue mistakes
Proposals by the Law Commission which will allow contractors to expect redress when the Revenue makes a mistake are taking shape and are expected by January.

Contractor interview: enjoying business and lifestyle change
Contractor Craig Rider has successfully made the transition from single client agency work to multiple client small business. Yes, Craig is making a bit more money now, but the real advantage is a flexible lifestyle.

Parasol's straightforward approach with contractors wins an award
Umbrella company Parasol has won the prestigious ATSCO award for service for the second time. Parasol's transparent and straightforward approach to the business was cited as its outstanding quality by judges.

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