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).

1st Contact Accounting has re-launched their online company management website. With this website you get a secure log in and you are able to manage your company easily and efficiently over the internet.  You can:  Enter your Invoice details This can be done weekly, mon... [More]

HMRC have sent out a warning of a fraudulent email going around that advises taxpayers that HMRC have “approved them to receive monies”. They have advised that this is a fraudulent email that should be deleted. HMRC would never inform taxpayers of a rebate via email. We recommend... [More]

HM Revenue and Customs (HMRC) have made changes to their bank account details that contractors and Limited Companies use to make their VAT payments into. These changes are effective from 8 July 2009. If you make your VAT payment via Internet or Telephone banking, you will need to use the new... [More]

The government’s plan to increase the VAT rate back to its original 17.5% is likely to play out as planned. For contractors in the UK, this means they (or their Limited Companies), will have to revert back to charging their clients 17.5% VAT instead of the current discounted rate of 15... [More]