Contractor News


UK Contractors To Lose Tax Returns

In the Budget, Chancellor George Osborne announced that many will no longer have to submit an annual contractor tax return from next year. Instead digital tax accounts will take over, which will give real-time insight into what is owed. Generally speaking the digital tax accounts will perform in a very similar way to on-line financial institution accounts such as from your bank, and will be just as secure (Although we hope with better up-time!) The tax thinks that by the beginning ...


It is an experience that most contractors will go through at some point at least once in their careers. You have just started a new contract, you invoice the client and then...nothing happens. At least not as quick as you'd like! Whether it is administration problems from the new relationship or more likely simply starting at just the "wrong time of the month" it can leave the contractor in a difficult financial situation. Fortunately there is ...


Should You Be Looking North?

With the UK contractor market facing many ups and downs at the moment it's nice to see some better news coming through. The Bank of Scotland's June report on the employment market has shown some potential relating to contractor opportunities north of the border. With the number of recruiter billings falling there could be a problem in a possible lack of appropriately skilled contractors north of the border. Could this be an opportunity for you? Whilst IT contractors ...


Contracting Still On The Rise

Despite the doom and gloom in the British economy including what appears to be ever increasing unemployment figures it's good to see that the number of contractor opportunities is holding up well. It does beg the question though, what makes offering a contract so appealing versus traditional employment? The big thing for employers at the moment is the opportunity to "employ" outside of the normal legal and finincial responsibilities of employing somebody. Statutory holidays, sick pay, having somebody on ...


Still Plenty Of Work For IT Contractors?

Despite the ongoing slothness of the UK economy and recent surveys which have shown that expected expenditure on capital projects being way down there appears to still be plenty of work available for IT contractors. I know from personal experience that my friends have not had any trouble finding new contracts over the past 12-18 months. What could account for this robustness? Perhaps it has to do with the fact that as companies look to make efficencies IT becomes ...


Is The Financial Services Market Recovering?

The financial services sector was particularly hit hard during the recent recession. Not a big surprise really considering the almost total collapse of the banking sector! Recruitment was on a very tight leash throughout 2008 and 2009 with 2010 fairing only a little better towards the end. It would seem that in 2011 however most experts are predicting a return to better times and the prospects for contractors willing to be flexible, in the financial services market ...


Are You Involved With The Olympics?

As the preparations for the 2012 London Olympics draw to a close it looks like there could be a jobs bonus for IT contractors and IT specialists in general. One recruitment company has estimated that up to 5000 jobs in total could be created and a number of these will be technical roles. Positions will be created as the wheels are put in motion for the telecommunications infrastructure to be put in place to allow capacity for the surge ...


IT Contractor Payroll

Of all the contractor groups currently operating in the UK it seems as though the IT contractor has been keenest on sourcing the right payroll solution. Many IT contractor payroll solutions have sprung up over the years in order to service this need, few have lasted the sands of time. One thing is certain though and that is most IT contractors seem to prefer the option of having somebody manage their payroll for them as opposed to forming ...


Whilst there are many advantages to locum work (flexibility, above average hourly rates etc etc) you have to remember that you are in effect working for yourself. This comes with responsibilities! I just know that this is going to ring true with the finance staff of health authorities all over the UK and it has to be said. YOU ARE NOT AN EMPLOYEE OF THE HEALTH AUTHORITY, IN ORDER TO BE PAID YOU MUST PROVIDE AN INVOICE FOR YOUR ...


CIS – New Scheme

CIS - New Scheme The new CIS scheme sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry (hence Construction Industry Scheme). Under the new scheme, all payments made from contractors to subcontractors must take account of the subcontractor’s tax status as determined by HM Revenue & Customs. This may require the contractor to make a deduction, which they then pay to us, from that part of the payment that does ...