Taxing time for tech workers: an obscure section of the last Budget called IR35 threatens to drive thousands of IT contractors abroad

Article Abstract:

The UK Inland Revenue is taking action against Personal Service Companies (PSCs) through the IR35 section of the 2000 Budget. It believes that there are too many people working through PSCs who would be employees if the PSC did not exist and they worked directly for a customer. It is now taxing the PSC and its owner on the basis of the owner being an employee of the client.

United Kingdom, Tax Law, Corporate Tax Evasion & Penalties, Corporate taxes, Professional corporations

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Gordon to serve up a cappuccino budget

Article Abstract:

Forecasts for UK Chancellor Gordon Brown's 2001 Budget are presented. It is suggested that tax cuts of around 3 billion pounds sterling will be made.

Legislative Bodies, Fiscal Policy, Budget, Forecasts and trends, Economic policy, Budgeting, Budgets, Brown, Gordon (British chancellor)

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Taxing questions

Article Abstract:

It is vital that owners of small businesses deal with tax issues appropriately. The best approach is to place money to cover tax liabilities into a separate deposit account.

United States, Administration of General Economic Programs, Admin. of general economic programs, Small Business Administration, Corporate Income Taxes, Brief Article, Small business

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