Or a lesson for Contractor Accountants in when not to use an EBT (employee benefit trust). If, like me, you follow Scottish football with the same enthusiasm a hamster has for tank warfare – you may have missed the tax debacle north of the border. Before I go into what it all actually means –
What is the VAT Flat Rate Scheme? Any business in the UK with a turnover of more than £73,000 must be registered for VAT. This means adding on 20% VAT to your normal sales invoice and paying the 20% VAT over to the VAT office. However, there is a scheme called “The Flat Rate Scheme”
Last night, I was compiling a list (as you do) of all the endings and goodbyes that have happened since the Summer started 1 month ago. In one month, the entire world seems to have changed and spun on a different axis: 1. News of the world stops being published 2. The space shuttle will
“IR35″ has now been in existence for over ten years and still it remains a constant concern for freelancers and contractors across the UK. In particular, it has become a notorious threat to those within the IT Consultancy industry. Its significant impact on small businesses led to the emergence of the Professional Contractor Group (PCG).