The UK's flagship infrastructure project, High Speed 2 (HS2), is once again under intense scrutiny. This week, The Guardian revealed that the railway's timeline has been pushed back beyond 2033, and ...

Contractors who work through their own contracting limited company can potentially save a significant amount of money by becoming VAT registered. Umbrella contractors can also benefit to a lesser ...

The simple NI/PAYE calculator allows you to calculate PAYE/NI on the salary that you pay yourself out of your limited company. Our tax calculator uses tax information from the tax year 2014 / 2015 to ...

Contractors can claim travel expenses from their limited company, which can in turn enjoy corporation tax relief, when working on a client’s site. But this is only possible for as long as a contractor ...

What interest can be charged? Interest can be charged on an overdue payment from the day after the last day that it should have been paid. So, using the example above, if the invoice was dated the ...

What is Value Added Tax? VAT stands for Value Added Tax. VAT is a tax on the purchase price of most goods and services sold in the UK and the Isle of Man. You can check items that are exempt of ...

Contractors don’t need employment rights, but situations do arise where a long-term relationship between a contractor and a client starts to resemble having a job. If you are inside IR35, there is a ...

Contrast this with Example 2, below, in which the dividends are split between the fee-earning contractor and a spouse or civil partner who takes 50% of the dividend, but no salary. The £9,540 HRT ...

Contractor rates vary hugely across the different contractor sectors and the wide range of contractors roles within them. If you add to that the fluctuations in market demand and variable availability ...

Special place of supply rules As Crouch explains, there are exceptions to the General Rule. For instance, those services included in HMRC’s special place of supply rules list are treated differently.

Contractors often incur expenses when delivering their services to clients, and some may also purchase goods and services on behalf of their clients. These expenses and Disbursements are treated ...

Editors note: Our content about dividends has been updated. Please see Dividends and contracting: calculation, payment and taxation. Introduction Many contractors choose to operate using a limited ...