Practical Value Added Tax guide for contractors explaining when to register for VAT, how VAT works, and how to manage VAT schemes and quarterly returns.
As a limited company contractor, you need to set funds aside for your annual tax return liability, which is where ‘payments on account’ come into play.
A Status Determination Statement (SDS) sets out the employment status of a contract worker. What is included in an SDS, and what happens if you disagree?
CEST (Check Employment Status for Tax) is a tool created by HMRC to help clients determine whether any contractors they engage fall inside or outside IR35.