IR35 enquiries don’t seem to be bringing in the cash
Umbrella company contractors may be interested to learn that HMRC only yielded slightly over £200,000 last year from their enquiries into the IR35 status of self-employed workers.
news
The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
Overseas investors deterred by excessive UK bureaucracy
Red tape is putting a lot of organisations off investing in the UK, according to recent research from BDO.
Umbrella company contractor uses increases
The private sector is now using nearly as many interims as it did before the recession, according to the Interim Management Association.
HMRC to add 2,250 anti-avoidance tax inspectors
Umbrella contractors might like to know that Danny Alexander, the chief secretary to the Treasury, has said HMRC is to strengthen the size of its team tackling tax avoidance and evasion by adding more than 2,000 additional tax inspectors this autumn.
REC says something must be done about youth unemployment
After last week’s disappointing jobs statistics showed that youth unemployment is still increasing, the REC has called on the business community to become involved in proactive initiatives such as the Youth Employment Charter.
Do freelancers think a North/South divide really exists?
Results from the latest Manpower Employment Outlook survey suggest that there is a North/South divide among UK employers when it comes to hiring confidence.
Do umbrella company contractors have innovative ideas?
According to recent research by Orange, small businesses are asking all of their employees, including support staff, to come up with ideas for growing the business.
Is HMRC about to improve its service to contractors?
Umbrella company contractors and small business owners could be relieved to learn that HMRC intends to improve the level of service it supplies to taxpayers.
Nearly 75% of SMEs intend to start hiring
New data suggests that the UK’s small business owners are leading the country towards economic recovery.
Scotland needs more female scientists and engineers!
Female umbrella contractors might be interested to learn that Scottish recruiters believe the shortage of women working in the engineering, maths, science and technology sectors could be detrimental to the country’s economy.
Reducing non-EU umbrella company contractors could damage UK’s wealth
The Migration Advisory Committee has said the UK economy could be permanently damaged if the government persists in restricting immigration for skilled workers from outside the EU.
Global cybercrime costs businesses £172 billion a year
Umbrella company IT contractors could find themselves more in demand after Symantec revealed that global cybercrime is costing businesses £71.6 billion a year.
Financial Directors lack optimism in the UK economy
A study by ICAs shows that finance directors are losing confidence in the UK economy and cannot reach consensus over the best way to solve the problem.
Being an entrepreneur is better than unemployment
Denise Taylor from amazingpeople.co.uk is urging jobseekers to start up their own limited company instead of spending a long period of unemployment.
Does top rate of tax affect umbrella company contractors?
The Treasury has estimated that the 50p rate of income tax will bring in an extra £12.6 billion over the next five years.
Are we going to see more female umbrella contractors?
As public sector redundancies really start to bite, more women public sector workers could be tempted to go it alone and either set up their own business or become an umbrella company contractor.