Contractor Blog Zone
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Politics, like football, is a funny old game. In the run-up to the election, we were regularly told that a vote for the Labour Party was a vote for a “coalition of chaos”.
As it turned out, a coalition of sorts is just what we got, but with the Conservative Party needing support from the DUP to form a government despite being the biggest party in parliament.
Whichever way you voted, it turns out that, for now, the coalition is good news for contractors.
Because she has such a slim majority, it seems likely that PM Theresa May could well put any controversial plans on the back burner.
Plans like reducing the tax-free dividend allowance from £5k to £2k, which would mean contractors are likely to be £225 a year worse off. If you recall, that was axed from the finance bill back in April in order to get it through before the pre-election dissolution of Parliament.
Plans like new legislation which could mean that the 'off-payroll' rules that have recently hit public sector contractors, are extended to limited company contractors in the private sector.
And even if these things change (as they frequently do in politics), rest assured that, just like a hero in an action flick, we at CEJ have got your back. If there are any changes you need to know about then we will let you know as soon as we do.
If there’s anything else we can help you with, don’t hesitate to get in touch. Email Jo (firstname.lastname@example.org), Ben (email@example.com) or Peter (firstname.lastname@example.org).