budget 2018 report

Budget 2018: key points for contractors

Aside from IR35 being extended to the private sector in April 2020, what other changes were revealed for contractors in the Budget 2018 report? From Entrepreneur’s Relief reform and VAT registration frozen thresholds to Personal Allowance and Higher Rate Thresholds. We’ve done a quick summary of what’s most important for contractors.   Entrepreneurs’ Relief reform…

budget 2018

Budget 2018: IR35 to be rolled out to the private sector in 2020

On 29th October 2018, Philip Hammond finally delivered the highly anticipated Autumn Budget 2018. After much speculation, it has been confirmed that IR35 reform will be extended to the private sector. Despite fears that the reform would be introduced in April 2019, the Chancellor of the Exchequer said the changes would not be implemented until April 2020.…

2018 budget statement predictions

2018 Budget Statement predictions: IR35 and MTD

It has been announced that Chancellor of the Exchequer, Philip Hammond, on Monday 29th October, will present the 2018 Budget Statement. Many were expecting the Autumn Budget to be presented at a later date, but it has been brought forward to avoid clashing with any potential fall-out from the final Brexit negotiations.   IR35 For…

Spring Statement 2018

Spring Statement 2018: a summary for contractors

The Chancellor of the Exchequer, Philip Hammond presented his Spring Statement to Parliament on Tuesday 13 March 2018. Unfortunately, the contractor sector must wait a while longer for news on any potential IR35 changes. There is a lot of frustration within the industry as many publications are being waited upon.   What are we still…

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Highlights of Spring Budget 2017 for Contractors

The eagerly anticipated Spring Budget has already come and gone and whilst we were expecting most of the changes, there were a few announcements which will be affecting contractors and freelancers alike.  As there are so many changes coming into effect this April, we’ve summarised the main points from the spring budget which may be…

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Budget highlights for contractors and freelancers

On Wednesday, the 2016 Budget was presented to MPs in the House of Commons. This year’s Budget has reiterated the government’s intention to clamp down on those they perceive to be avoiding taxes. We are yet to receive definitive information on many of the topics relating to contractors and the self-employed; however, the imminent release…