Are we really going to see a simplified tax system?
The Institute for Fiscal Studies has some worrying news for people who are looking forward to a simpler UK tax system.
Will the Pfizer shutdown affect umbrella company contractors?
Pfizer, the world’s largest drugmaker, announced last week that it intends to shut down its Research and Development facility in Sandwich within the next 2 years.
HMRC to use debt collectors to bring in overdue taxes
Umbrella company contractors and freelancers beware! HMRC may send debt collectors to your door if you owe taxes.
MoD should revamp the way it deals with SMEs and contractors
Small businesses, including limited company contractors, could benefit if the Ministry of Defence rethinks the way it deals with SMEs, according to a new report by the FSB.
Don’t understand the Agency Workers Regulations? Time to get help
As implementation gets closer, a recent survey has discovered that 80% of freelancers, including those working through umbrella companies, do not know what the AWR is or whether it will affect them.
Countdown to stronger fines make it a good time to find a reputable umbrella company
Contractors might be interested to learn that HMRC is going to impose penalties of up to 200% on individuals found guilty of tax and capital gains evasion.
HMRC staff still receive high bonuses despite blunders
Despite various blunders by HMRC last year that affected umbrella company contractors, the department still spent nearly £800,000 more on bonus payments to staff than it paid out the previous year.
Arrests made in HMRC’s clampdown on offshore bank accounts
Last December, two British citizens were arrested on suspicion of hiding money in Swiss bank accounts to evade paying UK taxes.
REC welcomes government plans to reform the tribunal system
The government has confirmed that it will reform the tribunal system in the UK, a decision that has been welcomed by the REC.
Mixed outlook for umbrella company contractors
Only 25% of temporary workers in London saw a decrease in the number of freelancers and umbrella company contractors in the companies they worked with last year.
IT contractors have many reasons for optimism
Confidence amongst IT contractors working in financial services has increased dramatically over the last year as banks carry on ploughing money into IT investment, new research shows.
Will NHS reforms benefit umbrella company contractors?
More than 75% of the top interim managers in the NHS believe the government’s efficiency savings will impact negatively on the delivery of frontline services, according to Interim Partners.
