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Contractor Tax

Don’t get bogged down by tax. Our hub guides you through your financial responsibilities as a limited company director.

Home > Resources > Contractor Tax

The journey has begun. You have entered self-employment & have decided to set up as a contractor. Contracting is an exciting quest to set out on – you are now your own boss, you set your own hours & you now bring in your own work.

Exciting times. However, there is a tax-shaped elephant in the room. Being a contractor also means you are now in charge of business taxes, on top of your own personal taxes. Problematic, right? Well not exactly, as you begin to get greater control over your finances, there are various ways which mean you can work more tax efficiently.

We have been providing contractors with sound tax advice on their contracting journey for over twenty years. So we have shared that knowledge in our guides below, answering everything tax-related from the basics of VAT to understanding a self-assessment tax return.

What is a self-assessment tax return?

As a contractor, you must declare your income in a self-assessment tax return.

Self-assessment tax return guide

We’ve broken down each page of the self-assessment tax return form.

Self-assessment tax return form

Do you need help with your self-assessment tax return form? We can help.

Tax calendar

It’s essential that you’re aware of important tax dates throughout the year.

Self-assessment service company question

One of the most infamous sections of the self-assessment tax return.

VAT: the basics

We have explained the basics of VAT and how it affects you as a contractor.

How do I register for VAT?

Find out how to register for VAT in our step-by-step guide.

Flat-rate VAT scheme guide

See if you qualify for the Flat-rate VAT scheme in our in-depth guide.

What is corporation tax?

Discover how to register for corporation tax, and what it means for you.

How to pay less tax as a contractor

Being self-employed allows you to be more tax efficient.

Serial tax avoidance

We do not endorse the use of aggressive tax avoidance arrangements.

What are late filing penalties?

Do you have a turnover of over £85,000? You may need to register for VAT.

Optional remuneration arrangements

Find out everything you need to know about optional remuneration arrangements.

Self-assessment tax returns – FAQs

We’ve answered your most frequently asked questions.