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MVL: When the time to close your contractor limited company is right

If you’re a contractor battling the thought of company closure for your solvent business, this is a prime time to determine the best time to shut shop, and of course, shutting down doesn’t have to be for good, writes Keith…

ContractorUK launches Fantasy Football League 2020/21 – Win £250!!

Calling all wannabe Football Managers.  Do you want to be the football guru on ContractorUK? ContractorUK has created a Fantasy Football League for all forum members and readers. Even accountants and recruiters can join in! Additional to the fame, the…

Contractors’ Questions: How to independently import Spanish tech products into the UK?

Contractor’s Question: I’m Spanish and about to start selling Spanish computer products from Spanish technology companies into the UK. I would like to start up as an independent contractor, and I don´t know if I need a special requirement due to…

Covid-19: What the mortgage holiday’s scary Halloween end means for contractors

The rather scary prospect of a very black economic spell will be hanging over contractors, home-owners and aspiring home-owners on Saturday October 31st – Halloween. Ominously, the cauldron’s already bubbling with the following nasty ingredients that we know about, writes…

Schroders includes contractors in new Flexible Working Charter

Schroders has confirmed that its covid-induced ‘Flexible Working Charter’ under which workers are not required to attend the office five days a week, applies to contractors. The asset management company told ContractorUK on Friday that it is for the individual…

Coronavirus lockdown legal challenge smashes £250,000 target

A legal challenge by a contractor industry stalwart to have coronavirus lockdown declared unlawful and the rights of people and firms restored has smashed its £250,000 funding target. Entitled ‘Legal challenge to UK govt lockdown,’ the campaign by SJD Accountancy’s…

HMRC Spotlight on rogue umbrellas ‘should still be glaring, two years on’

An HMRC Spotlight warning against dodgy ‘umbrellas’ offering inflated take-home pay could help save contractors today, even though it dates back to two years ago, say experts. In fact, Spotlight 45 went live back in August 2018 but unlawful “schemes…

Contractors, IR35 and the EAS will bring KIDs into their own

They may be the subject of a two-year-old this month HMRC ‘Spotlight’ publication, but umbrella companies are a fact of life for many contractors today, writes former tax inspector Carolyn Walsh, the managing director of Andraste Accounting. While they might…

Police called to investigate disguised remuneration scheme promoters

The taxman’s call to relook at disguised remuneration seems to have produced an unexpected response – a formal letter to City of London police asking for criminal action against promoters. Addressed to the force’s Economic Crime Unit, the letter by…