The latest Contracting News and Articles - March 2010
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27th March 2010
Who benefits from 2010 Budget
Savers and first-time home-buyers are the only contractors who will benefit from this year’s Budget. The Chancellor confirmed the freeze in personal allowances, which means all contractors will pay more tax in real terms in the coming financial year.
25th March 2010
Contractors in business
Following the 2010 Budget, limited company contractors will see few changes in the coming financial year, as the corporation tax rise is deferred by another year. The planned increase in National Insurance Contributions (NICs) is still set to go ahead in 2011, penalising those contractors with limited companies that employ the contractor and others, such as a spouse.
24th March 2010
Contractors and the 2010 Budget
Contractors can expect to be worse off following a range of measures introduced by the Chancellor in this year’s Budget, with frozen allowances increasing contractor income tax bills in real terms.
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