What is classified as ‘goods’ when determining if you are a limited cost business after 1 April 2017?

One of the most frequently asked questions from our clients on the VAT flat rate change for a limited cost business is: “what is counted as ‘goods’ when determining if they need to use the higher rate of 16.5%?” According to HMRC guidance, ‘goods’ are movable items or materials exclusively used in your limited cost…

Increasing cyber security attacks push contractor IT roles in demand

ContractorUK has identified three large areas where IT contractors’ skills will be required the most this year – one of which is information security and governance. Additionally, IT roles that will be most sought after this year includes security engineers, security consultants and security analysts to name a few. This is most likely due to…

Highlights of Spring Budget 2017 for Contractors

The eagerly anticipated Spring Budget has already come and gone and whilst we were expecting most of the changes, there were a few announcements which will be affecting the self-employed.  With so many changes coming into effect this April, we’ve summarised the main highlights from the spring budget which may be more relevant to contractors…