As of July 6th 2022 the national insurance allowance has increased to £242 per week. Meaning that both income tax and class 1 national insurance contributions now start being deducted at the same level. It is some good news for contractors who are no doubt battling...
HMRC is continuing to clamp down on the use and promotion of tax avoidance models which are still rife in the contracting industry. One of the biggest challenges to the contracting sector has been knowing or identifying which payroll services are compliant with tax legislation. HMRC...
As you may be aware, Chancellor Rishi Sunak delivered his budget for the upcoming year on the 3rd of March 2021. As a contractor you may be affected by some of the news released by the Chancellor. The UK economy shrunk by 10% last year as a...
