Go easy with tax increases says the BCC
The British Chamber of Commerce has warned George Osborne to tread carefully with his plans to increase taxes in today’s budget. UK umbrella companies will also be watching with interest.
Employment index shows signs of growth
There are more opportunities available for IT contractors according to the latest Monster employment Index report. 11% additional vacancies were advertised online in May compared to the previous month.
Tough times ahead for HMRC
Morale is currently low at HMRC and employees have now been warned that they are in for tough times ahead. Chief Executive, Lesley Strathie, informed staff that they need to be realistic about the challenges they face.
Umbrella company workers affected by HMRC PAYE mistakes
Ten of thousands of people, including contractors and freelancers, have been affected by the tax coding problems caused when HMRC migrated their records to a new computer system earlier this year.
Some legislation “just isn’t needed”!
Small businesses in the UK are spending too much time complying with red tape and government bureaucracy, according to a new report by the British Chambers of Commerce (BCC).
Current tax system “too confusing” for contractors
The Chartered Institute of Taxation has called on the new coalition to prioritise tax reform. They have written to George Osborne, the new chancellor, highlighted the need to simplify the current tax regime.
Income tax and national insurance rises will hit hard
Small businesses, limited company contractors and umbrella companies could be among those affected by a drop in confidence following the result of yesterday's hung parliament election.
Impact of national insurance rise could be exaggerated
According to the Institute for Employment Studies (IES), the proposed hike in employer's national insurance contributions will have a relatively small impact on the permanent employment market in the UK.
The self employed umbrella company
In my world, the term "self employed umbrella company" is a tad paradoxical. After all, a traditional PAYE umbrella employs their workers and provides (or should provide) the various benefits commensurate with employment.
One in five PAYE coding notices could be wrong
According to data published by the Society of Professional Accountants, as many as 1 in 5 PAYE tax code notices issued by HMRC since the start of the year could be wrong.
REC gets ready for the Agency Workers Directive
The REC's 'On The Road' tour has been set-up as part of an on-going plan by the REC to better educate it's members about the issues facing recruitment in this country, and how they can prepare themselves for the challenges that lie ahead.
New PAYE fines introduced by HMRC
Limited company contractors, recruitment agencies and umbrella companies could be in line for a series of new PAYE penalties, which have been introduced by HMRC from the start of this tax year.
