With tax legislation overhauls confirmed in the Autumn Statement, including changes to IR35 for the public sector and a new VAT Flat Rate, it’s good sense as a contractor to be aware of what’s coming in the New Year.
Contractors are being tempted to increase their take-home pay by using tax avoidance schemes. These promoters market themselves as being compliant and reliable but this is contrary to the truth.
What contract roles are available for construction contractors right now? What will the future hold for the construction industry? The industry has experienced times of tough economic conditions and declining growth for much of 2016, but recent figures show some resilience and improvement.
The Apprenticeship Levy is the initiative of George Osborne, previous Chancellor of the Exchequer, to assist the funding of apprenticeships and training in order to invest in Britain’s future.
As the director of your own limited company, you may be entitled to tax relief on your 2016 staff Christmas party. Check out the criteria and see if you can benefit.