The Chancellor’s first Autumn Statement has not been a particularly good one for contractors, unfortunately. The main change that will impact your company and finances is that to the VAT Flat Rate Scheme. Make sure you understand fully how the new legislation will affect you. We are here to help answer your questions.
The Autumn Statement announcement last week delivered some destructive news to the UK contractor community, particularly those working in the public sector. There had been discussions around the topic of contractor tax in the Budget, however, the concerns have now materialised as the government push ahead with their plans. How does this affect you?
The Autumn Statement announcment was delivered with the usual positive tone and promises of a brighter future for the UK. It was, however, the usual mixed bag of new measures; some good, some not so good, for UK contractors, freelancers and small businesses. Read our summary here.