HOW WILL BREXIT AFFECT CONTRACTORS AND LIMITED COMPANIES?

On 23 June 2016, via a nationwide referendum, Britain voted to leave the European Union. Britain’s exit, or ‘Brexit’, took the world by surprise. Here we look at the main consequences for workers post-Brexit.

  • The beginning of Brexit

  • Tax ramifications

  • The potential pros and cons for contractors

  • The future of contractors working in the UK

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Nick Bagga
HEATHROW EXPANSION AN OPPORTUNITY FOR CONTRACTORS

The prospects and opportunities involved for contractors due to this project is looked into and the benefits associated with Business Summits in relation to this innovative construction project is touched upon. Both the financial and social aspects of such a project are highlighted

  • A New Milestone for Heathrow

  • A Major Infrastructure Change

  • The M25

  • An Opportunity for Contractors

  • Business Summits

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Nick Bagga
REVEALING THE ENIGMA OF IR35

You may have heard the term IR35 before, but do you know what does it exactly stand for, or more importantly what it entails? IR35 is a tax legislation designed to deal with tax evasion by workers who are providing their services through intermediaries like a limited company, who otherwise would have been an employee if there was no intermediary used. Her Majesty’s Revenue and Customs (HMRC) refers to these workers as “disguised employees”. IR35 is a set of rules affecting the contractor’s Tax and National Insurance who works for a client through an intermediary.

  • What is IR35

  • Rules and regulations

  • Reasons for imposition

  • Financial impacts

  • Consequences

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Nick Bagga
DEADLINES FOR TAX RETURNS

Running a business means coming into more contact with HMRC, with an increase in obligations for both filing, making regular tax payments and potentially more penalties if deadlines are missed. We look at the key areas below:

  • Self-Assessment: key dates

  • VAT

  • Corporation Tax

  • PAYE and Class 1 National Insurance (NI)

  • Meeting HMRC’S deadlines for tax returns and payments

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Nick Bagga