IT Contracting
@justcontracting
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A popular site for professional contractors in the UK.
London
Joined June 2013
Capital vs revenue expenses: what limited companies get wrong. Thanks to @BIAccountancy for this useful guide. https://t.co/ALCjbF94jz
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Dual purpose expenses for limited company directors (what HMRC allows). https://t.co/2mhFiKudtn
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As an umbrella employee, you will see an entry for your provider’s ‘margin’ on your payslips. Here, we explain what an umbrella company’s margin is and why you should beware of any 'additional' deductions. https://t.co/WoKvAsVCRy
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Is the cost of my smartphone (or smartwatch) an allowable limited company expense? A timely pre-festive FAQ! https://t.co/6hA5kc9zDf
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How to set up a limited company in 2026 - from choosing a suitable name, to appointing directors and dealing with Companies House. https://t.co/10bSX5JHCX
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HMRC confirms joint PAYE liability for agencies in new umbrella rules from 2026. https://t.co/vdlKndL3XV
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The government has outlined a new settlement scheme for individuals with outstanding Loan Charge liabilities. However, industry experts point out that the operators of these schemes have managed to escape “scot-free”. https://t.co/kZtCzb5eQm
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A summary of the main Budget measures announced today: the standout tax rise is a 2p dividend hike from April 2026.
itcontracting.com
The Chancellor has completed her Autumn Budget statement, formally confirming the major tax measures leaked earlier in the day - most notably another
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#DIVIDENDTAX Let's boost the stock market and small businesses by hammering both. AGAIN. I hate them.
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Looks like dividend tax is going up... !
OBR: - Freezing tax thresholds from 2028-29 onwards (raises 8bn) - Charging National Insurance on salary-sacrificed pension contributions (raises 4.7bn) - Increasing tax rates on dividends, property and savings (raises 2.1bn) - Charge on electric and plug-in hybrid cars from
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A dividend tax hike could be on the cards in the Budget, according to press reports today. https://t.co/ie9DzFYKPF
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