The Spring Budget was announced last Wednesday, 8th March. It sparked plenty of backlash around measures to increase tax revenue from the self-employed, particularly the Chancellor’s plan to increase to Class 4 National Insurance Contributions (NICs), which has now been cancelled.
The Association of Independent Professionals and the Self-Employed (IPSE) has published its study findings on how much freelancers contribute to the economy. The study revealed that freelancers in the UK contributed £119 billion to the economy in 2016.
Flexible working is certainly one of the most popular reasons people decide to take up contracting on a full-time basis. However, do contractors really take advantage of the opportunities available to them? If you’re a contractor, you owe it to yourself to get away for a long weekend and have some fun!
If you are a contractor with a limited company, you are probably well aware of the government’s planned new changes to the VAT Flat Rate Scheme, as announced in the November 2016 Autumn Statement. What does it mean for limited company contractors who are registered on the scheme?
Did you know that if you’re married or in a civil partnership, you could be entitled to a tax break of up to £432? The marriage allowance could save couples hundreds, yet only a few are taking advantage of this tax perk.