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Employees Versus ‘Independent Contractors’

Budget 2016 announced that the company cost (s.455 charge) on loans to participators will rise from 25{0c85575e4446c34ae58e1dc1b3ce8ac6f93bc4627234af15f34b56fd93e2a521} to 32.5{0c85575e4446c34ae58e1dc1b3ce8ac6f93bc4627234af15f34b56fd93e2a521} as from 6th April 2016, in order to prevent an unfair tax advantage being obtained by taking a loan from the company somewhat than salary or a dividend. However, with a view to get the best providers, be sure to display screen the proposals of a few chosen contractors in your project. In short, this tax avoidance scheme is below a lot scrutiny that for the common contractor the hassle and risks involved are just not viable...

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