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 March 2 HMRC Increase Working From Home Allowance
- Fresh Post February 28 Barclays ordered to repay £500 million in 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
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
Budget 2010: IT contractors may benefit from income tax changes
IT contractors are set to benefit from changes to income tax rules outlined in yesterday's emergency Budget.
The personal income tax allowance is set to be increased by £1,000 in April, equivalent to £170 a year to basic rate taxpayers.
According to the Recruitment and Employment Confederation (REC), this will be particularly beneficial to temporary workers.
REC chief executive Kevin Green explained: "Any temporary workers use agency work to dip in and out of work on a part time basis.
"The rise in the income tax threshold means that they will leave the agency at the end of the week with more money in their back pocket."
He also welcomed the commitment to reviewing new regulations set to be introduced that would affect agency and freelance workers.
In particular, Mr Green underlined the need for pension regulations relating to temporary workers to be reassessed, indicating that the current plans are "unsuited to the fast-paced dynamic temporary jobs market".
The personal income tax allowance is set to be increased by £1,000 in April, equivalent to £170 a year to basic rate taxpayers.
According to the Recruitment and Employment Confederation (REC), this will be particularly beneficial to temporary workers.
REC chief executive Kevin Green explained: "Any temporary workers use agency work to dip in and out of work on a part time basis.
"The rise in the income tax threshold means that they will leave the agency at the end of the week with more money in their back pocket."
He also welcomed the commitment to reviewing new regulations set to be introduced that would affect agency and freelance workers.
In particular, Mr Green underlined the need for pension regulations relating to temporary workers to be reassessed, indicating that the current plans are "unsuited to the fast-paced dynamic temporary jobs market".
Bookmark this
© 2009 Contractor Collective