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Contractor News Archive: January to March 2005
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Apr - May |
Jun - Aug |
Sep - Oct |
Nov - Dec |
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| Death Investigated on Brent Bravo Platform | 08/01/2005 |
Inquiry launched into death of electrician in the same utility shaft on Brent Bravo where two men were killed 15 months ago. In September 2003, Sean McCue and Keith Moncrieff died after a sudden escape of gas.  |
| Lundin Britain Staff to Lose Jobs in Petrofac Transfer | 20/01/2005 |
| Oil and gas facilities service Operator, Petrofac, to take over responsibility for management of Thistle and Heather platforms from Lundin Britain. Most of staff at Lundin will transfer to Petrofac, but some will lose their jobs. |
| Shell Hiring 1000 Engineers | 21/01/2005 |
| Shell to hire over 1,000 engineers to reinforce its exploration and production operations. Within the 1000 hires, Shell plans to employ 170 experienced petroleum engineers by April on a contract or permanent basis. |
| Contractor Loses 'Misdirected' IR35 Case | 20/02/2005 |
| Andy Vessey, Senior Tax Consultant at Qdos, comments on the recent IR35 case involving Netherlane Ltd. Netherlane Ltd was represented by their accountant, Mr Robertson FCA but the case was found in favour of the Inland Revenue and criticised for being 'short of real evidence'. |
| Steps to Avoid Investigation by the Inland Revenue | 01/03/2005 |
| Inland Revenue make a percentage of random investigations into companies, so there is always a risk of being investigated. However, there are certain circumstances that could highlight an investigation. |
| Avoid Spiralling Costs in Relation to Tax Deadlines | 04/03/2005 |
| It pays to take note of deadlines regarding submission of your tax return. For instance if you failed to submit your tax return by 31 January a charge of £100 will be incurred and this will double if by the 31 July if your tax return has still not been received by the Revenue. Failure after this date can result in a daily penalty of £60. |
| All is Not Lost - IR35 Case Study | 04/03/2005 |
| Case study highlighting the importance of utilising experts when it comes to defending yourself from the Revenue in IR35 enquiries. This freelancer did not have Qdos Consulting freelancer insurance in place, but was referred to Qdos on the recommendation of a fellow freelancer on the eve of a meeting with some tax inspectors. |
| Budget Analysis 2005 | 16/03/2005 |
| This year's Budget focuses on growing economy and long-term strategy. Gordon Brown has stuck to his policies and at the same time appears to have helped those most in need. This may well secure another term in office with the likelihood of an early election being announced. The sleeping giant is the anti-avoidance measures and how these will be adopted over the next few years. Gordon Brown seemed to gloss over these but the detail may well be different. IR35 still very much alive and S660A also very much in focus with the current Arctic Systems Court case. |
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