- Autumn Statement 2016 - How will the VAT Flat Rate Scheme Restriction Affect Contractors? In his Autumn Statement, Chancellor Phillip Hammond announced important changes to the Flat Rate VAT Scheme (VAT FRS): from 1 April 2017, a new 16.5% rate will be introduced for businesses with limited costs, such as many businesses providing services. Many contractors and small businesses Article Author: Sumit Agarwal Comments Read More
- How will Autumn statement affect Contractors? 23 November will see Hammond deliver his first Autumn Statement under May’s new leadership, but what will it hold for Limited Company contractors? Can they expect to see a barrage of changes that will modify the way they contract, or will they be left relatively untouched? Only time Article Author: Paul Gough Comments Read More
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