4Contractors Links

Some useful links to other sites

Useful website links

You don't need to know every piece of legislation in depth to be a successful contractor but the more you do know the more of your turnover will remain with you or your company and the less will be donated to our Illustrious Chancellor for him to waste.

Inland Revenue
Their huge website appears to be designed to intimidate the public. Much of the material (especially in the IR35 section) is based more on how the revenue would like the law to be than on what it actually is.

An in depth discussion of IR35 is beyond the remit of 4Contractors but is the one factor that will most influence how much tax you pay and/or your choice of how to operate.

Customs & Excise
HM Customs & Excise are responsible for, amongst other things, VAT. This will only affect contractors chosing to use their own limited company.

I'm sure that those with existing companies are aware of the Flat Rate VAT scheme - if not then ask your accountant what you are paying him for!!! Try the Flat Rate VAT calculator - the scheme was changed from Jan 1, 2004 and is probably now be the most appropriate way of paying VAT for many contractors