Contractors who use a limited company to run their contracting business will already have experienced some of the changes resulting from the Companies Act 2006, which completely updated and modernised 150 years of company law.

The final phase comes into force on 1 October 2009, with those measures most likely to have an effect on contractors including:

• An easier incorporation process
• Changes to all the standard forms
• Increases in the Registrar of Companies’ powers
• Directors’ service addresses and company register addresses
• Changes to the rules about limited company names
• A ‘Statement of Capital’. (more…)
  

Jenrick CPI has reason to believe that part of the government strategy to revive it’s coffers for 2010 will be to re-visit IR35. HMRC will be keen to find a route to maximise return to the Treasury in light of the announcement by the government of major cuts in public expenciture.

This was backed up by a recent interview with a tax inspector…….

IR35 is likely to be high on HMRC’s agenda this autumn as, following a lull of 18 months, limited company contractors will once more be in the firing line, warns former HMRC manager and IR35 expert Kate Cottrell of Bauer & Cottrell. (more…)