Thousands of contractors are now facing substantial tax bills as a result of the controversial loan charge. Whether they engaged with tax avoidance schemes knowingly or by mistake, the government is committed to reclaiming underpaid tax.
Setting up a limited company is the most tax-efficient way to operate as a contractor – subject to your contracts falling outside of IR35. Our short guide will help you gain an understanding of the various taxes you will be liable for as a limited company director.
Chancellor Rishi Sunak has unveiled new economic measures ahead of the closure of the furlough scheme in October, to support jobs and the economy over the coming months. Our blog outlines the critical support packages introduced in the Winter Economy Plan.
The Treasury has scrapped plans for an Autumn 2020 Budget in order to focus on its response to the coronavirus pandemic.
Capital Gains Tax is a tax on the profit made when you sell or dispose of an asset that’s increased in value. Our blog explores what the tax is, when it’s due, exemptions and allowances.
