Contractors and IR35 - Latest News
Contracting and associated legislation such as IR35 is regularly in the news. Changes in legislation and developments in case law mean that requirements are continually evolving. At Sherwin Currid we keep abreast of all these developments to ensure that our advice and services are up to date to ensure that you receive the best possible service.
- How to Freelance ebook
A new book on how to freelance has been published by the PCG the trade body representing freelancers and contractors. - HMRC changes their view on the FRS and Bank interest
HMRC have always argued that bank interest should be included in the flat rate scheme VAT calculation - Doom and Gloom
Whilst the general economic situation is all doom and gloom and seems according to the news to be getting worse by the day. - HMRC run out of paper
HM Revenue and Customs are never out of the news these days. The latest headline to hit the papers is that they have had to apologise to half a million tax payers because they have run out of paper for statements. - IR35 Forum -Minutes released
As you may be aware the Government has set up a new IR35 forum. The first meeting of this forum took place on 6 May 2011 with a second meeting planned for the 29th June 2011 in London. - PAYE Penalties
If your company has a PAYE scheme and two or more 2010/11 PAYE payments were late it may be liable for PAYE penalties. - PAYE late payment penalties for employers
If you work through your own limited company, and have a payroll you need to ensure that you make your monthly payment by the 22nd of each month. The taxman has said that where this results in the payment being late, he can charge penalties up to 4% of the amount payable. - HMRC Penalties
HMRC are taking an increasingly draconian line on late tax returns. There has been a huge rise in the penalties for late tax returns. - Budget 2011
The 2011 Budget announced significant changes to National Insurance contributions (NICS), pensions and personal allowances which will affect freelancers and contractors significantly. - IR35 days numbered?
The Office of Tax Simplification (OFT) published its report on small business taxation on Thursday the 10th March 2011. - Employment Benefit Trusts EBT
As EBT schemes are no longer a viable option for freelancers following a HMRC ruling - Offshore Accounts
High earning UK contractors could be encouraged to seek the advice of a specialist accountant after HM Revenue & Customs (HMRC) issued a new deterrent to offshore accounts. - UK economy shows quarterly surge in growth
The UK economy expanded at twice the forecast rate during the second quarter of the year. - Tax systems to be simplified
The Government has announced that the UK tax system will be simplified and streamlined in a effort to attract investment in business. - Increase in formation of Limited Companies
Company House have confirmed the number of limited company's formed has risen after two years of falls - Keep your eyes out for unsolicited emails from HMRC.
It has been reported that fraudsters will use the upcoming 31 July payment on account (POA) deadline to obtain log in details from HMRC. - KMPG market update 7 July 2010
Job Market update - Growth of temporary/contract staff - Canary Wharf branch
Sherwin Currid is proud to announce the opening of our Canary Wharf branch. - New Reading branch
Sherwin Currid is proud to announce the opening of our Reading branch. - PCG Launches advertising campaign
A national advertising campaign, ‘Britain’s Brain Gain’, has been launched by PCG - Registered Office + mail forwarding
We are able to offer you a variety of services for your company which you may find of interest. - Judge dismisses claims that HMRC's retrospective tax take was unlawful
Thousands of IT contractors reacted with shock and disappointment this morning, after the Royal Court of Justice ruled the retrospective effect of BN66 is not unlawful. - C and S Finance Announces Name Change
Following an external marketing review of our practice we have decided to rebrand by changing our name from C and S Finance LLP to Sherwin Currid LLP Chartered Certified Accountants. - National Freelancers Day - 23 November 2009
PCG has declared 23rd November 2009 National Freelancers Day in a drive to encourage everyone to acknowledge all freelancers, consultants and contractors and the contribution they make to the UK economy. The Day has been launched as part of PCG’s tenth anniversary celebrations. - 22 April 09 - Budget 2009
There are a few headline grabbing measures in todays budget, the big one being that the top rate of tax will rise to 50% for the 350,000 people earning over £150,000 - from April 2010. At the same time, those earning over £100,000 will lose all personal allowances - 2009 Budget
This year's Budget will be on Wednesday 22 April at 12.30pm. This is later than normal and falls after Parliament's Easter recess and the G20 summit. The timetable for passing the Finance Bill through Parliament is likely to be compressed, as a result. - Online self assessment submissions – facts and figures
5.8 million taxpayers submitted their 2007/08 tax returns online by the 31 Jan 09 deadline. This is about 2/3 of all tax returns. The busiest time was Friday afternoon on 30 Jan when 390,000 returns were submitted. - Budget Comment 2007
March 07 was a political landmark for Mr Brown, who presided over his eleventh budget as Chancellor, a feat he only surpassed by William Gladstone, who managed twelve. - Arctic Systems Ltd. Case Successful
The Jones succeeded in their three-year struggle to stop the Revenue reinterpreting tax law retrospectively - Government Plan Arctic Attack
The Pre budget report has shown the Governments intent to amend tax legislation in light of victory for the taxpayer in the Arctic systems case. The Government made the following statement today. - Alistair Darling Gives First Pre Budget Update
The new chancellor, Alistair Darling, gave his first budget update on 9 October. - The New Income Shifting Proposals
Proposals have just been published by the Government to negate "income shifting" between individuals. - Budget 2008
On Wednesday 12 March 2008, the Chancellor of the Exchequer, the Rt Hon Alistair Darling presented the Budget to the Houses of Commons. - IR35 Developments: Dragonfly Consulting Limited
An IT contractor, who is facing a tax bill of £99,000, has appealed to the special commissioners about the decision by HMRC that he was operating within IR35. - Self Assessment deadline looms
If you are one of the millions of people yet to submit a tax return for 2007/8 the deadline for submitting paper returns has now passed. Outstanding returns must now be completed electronically by the 31 January 2009 or penalties will be incurred. - Limited Options for Contractors
Elizabeth Colman on the rule changes that hit freelance workers who have set up as companies to cut their tax bills. - Are you running the risk of IR35?
It often becomes a hassle for the contractor to obtain an IR35 review of their contract before starting the assignment. As it has been seen in the Dragonfly Consulting case a contractor needs to be aware of their employment status as not many can afford a tax bill of £99,000.
Keep up to date
We update this page with key changes to legislation relating to contracting, including IR35 and s660a, as well as other important accounting and taxation changes.