Contractor UK

Contractors moving between PSC and umbrella arrangements face a higher risk of HMRC's tax calculation gaffe. Carl Bridges of Caroola Accountancy explains what the tech flaw dating back to 2021 means for 2025/26 tax bills, and why one-and-done is so yester-tax-year.

A new ‘dodgy’ dozen has joined HMRC's avoidance blacklist, which features an offshore trust with a self-voiding clause, three updates to the previously ‘named and shamed,’ and ‘too good to be true’ arrangements that threaten contractors with ‘tax bills, hardship and stress.’

The FCSA’s Andy Chamberlain reveals why DBT’s plans could see inside IR35 contractors' assignments cut short and umbrella companies handed guaranteed-hours obligations they can’t meet, as the government moves to put the zero-hours ‘cart’ before the agency regulatory ‘horse’ — unless a minister intervenes.

Whether IR35 played a part or not, former contractors who've wound up their personal service companies are on the receiving end of form PA302 — often due to savings, pensions and investment income. It's a case of 'goodbye Self-Assessment, hello Simple Assessment Calculation.’

A slick new HMRC video and detailed policy paper promise clarity and straightforwardness for McCann loan charge settlers. Ten questions from ContractorUK going unanswered suggest otherwise.