As the “rat race” gradually becomes less popular, an increasing number of skilled people are choosing to become independent contractors. This decision not only allows for a more free and independent lifestyle, it also increases earning capacity, with income directly linked to work ... [More]

The Budget Speech delivered a ‘business as usual’ message for contractors in the UK. Contractors can breathe easy with no major changes from 1 April. Budget points for contractors: Personal Allowance unchanged at £6,475 National Insurance rates unchanged at 11% and... [More]

As the tax year comes to an end on 5 April and a new one begins, the employer annual returns can now be processed. The employer annual returns are a combination of 2 sections:    The salary, PAYE and NI paid for each employee (P14 form), and the total PAYE and NI paid... [More]

We have summarised the important bits from Alistair Darling’s pre budget report yesterday for contractors in the UK. Read the details of the Pre Budget Summary (2010/2011) here (63.08 kb PDF).