News articles
IT contractor jobs
- Fresh Post January 4 Huge Increases in Travel Costs for Commuters
- Fresh Post November 29 Prime Minister Praises Thriving Freelance Industry
- Fresh Post November 14 Good News for IT Contractors
- Fresh Post April 5 Are engineering, construction contractors job prospects improving?
IT contractor tax
- Fresh Post February 16 Civil Servants' Salaries Paid Direct to Ltd Companies.
- Fresh Post February 10 Contractor Accountant Darren Upton Jailed for Six Years
- Fresh Post January 30 Self Assessment Deadline Extended
- Fresh Post January 25 Beware of fake HMRC emails
Contractor Technology
- Fresh Post April 5 Contracting news: Broadband now 'vital'
- Fresh Post April 5 Broadband cost reductions 'will not be felt immediately'
- Fresh Post April 5 Govt renewed commitment to cyber security welcomed
- Fresh Post April 4 Cybercrime risk may be underestimated
Contractor vetting
- Fresh Post October 19 Security Clearance Discrimination
- Fresh Post March 16 Health and safety should still be 'top priority' for contractors
- Fresh Post September 13 IT contractors 'not making the most of their skills'
- Fresh Post September 10 IT suppliers meet with gov't to discuss cuts
IR35
- Fresh Post February 16 Civil Servants' Salaries Paid Direct to Ltd Companies.
- Fresh Post September 26 Dramatic decrease in IR35 Reviews
- Fresh Post March 29 IR35 announcement 'unsurprising'
- Fresh Post March 28 MacIntyre Hudson slams govt's IR35 position
HMRC to fine late filers even when no tax is due
HMRC will be issuing £100 fines to taxpayers who do not complete a tax return by the 31st of January even if there is no tax owed or a rebate is due!
Maugham, a tax partner at UHY Hacker Young, said: "A lot of taxpayers will be wrong-footed by this. Fining someone who doesn't owe tax or is due a rebate seems very heavy-handed"
"Fining taxpayers who are owed money by HMRC seems even more unjust. Ironically, these taxpayers will be doing HMRC a favour by not completing a tax return and asking for a rebate – yet they can now expect to be fined for their generosity."
Approximately 1.4 million returns were filed late last year out of 10 million issues and if that figure remains the same this year, the Revenue will stand to collect a huge sum in fines.
Bookmark this
© 2009 Contractor Collective