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.
Are we really going to see a simplified tax system? » Read the full story
news
The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
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.
Will the Pfizer shutdown affect umbrella company contractors? » Read the full story
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.
HMRC to use debt collectors to bring in overdue taxes » Read the full story
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.
MoD should revamp the way it deals with SMEs and contractors » Read the full story
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.
Don’t understand the Agency Workers Regulations? Time to get help » Read the full story
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.
HMRC staff still receive high bonuses despite blunders » Read the full story
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.
Arrests made in HMRC’s clampdown on offshore bank accounts » Read the full story
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.
REC welcomes government plans to reform the tribunal system » Read the full story
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.
Mixed outlook for umbrella company contractors » Read the full story
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.
IT contractors have many reasons for optimism » Read the full story
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.
Will NHS reforms benefit umbrella company contractors? » Read the full story
Should large companies pay their full tax liability?
The National Audit Office is to investigate the way tax inspectors from HMRC reach settlements with multinational companies after Vodafone’s £1.2 billion settlement caused uproar.
Should large companies pay their full tax liability? » Read the full story
Confidence abounds amongst IT contractors
Umbrella company IT contractors have entered 2011 with increased confidence, according to the most recent IT Employee Confidence Index.
Confidence abounds amongst IT contractors » Read the full story
45,000 job losses in financial institutions predicts CBI
The CBI has warned that financial services companies in the UK could cut around 15,000 jobs over the next three months as the focus sharpens on lowering costs.
45,000 job losses in financial institutions predicts CBI » Read the full story
ARC warns government not to reduce HMRC budget further
Union officials have warned that cuts to HMRC’s budget will lead to an increase in tax evasion and widen the gap between the revenue recovered and the amount actually due.
ARC warns government not to reduce HMRC budget further » Read the full story