On Tuesday Chancellor George Osborne announced his emergency budget, which on the whole brings positive news for contractors and freelancers. Here’s our brief summary of the pertinent points:
If, like us, you like to keep a watchful eye on the machinations of HMRC you’ll probably know that for the past few years they have been implementing an ambitious electronic filing system – in other words, a lot of the form filling you do for the tax man now needs to be completed online.
Today the Conservative party have signaled their intention to review IR35 as part of an overall review of small business taxation – should they be elected, that is.
We’re rapidly approach 5th April and the start of the 2010/11 tax year. Last week Alistair Darling announced his predictably benign budget and confirmed what’s ahead for the upcoming tax year. Here’s our review of the 2010/11 tax announcements for contractors and freelancers.