The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
The AWR are due to be implemented next October and the REC is now getting ready to launch a wide-ranging support programme to help recruitment agencies and business leaders prepare for the legislation.
The Office of Tax Simplification is to look into the issues surrounding family businesses that split their income in a bid to avoid paying taxes.
The FSB is calling on the coalition and the banks to give small businesses a bit of breathing space so that they can stay afloat over the festive season.
The REC has been investigating anti-competitive behaviour by 7 recruitment businesses that operate in the construction sector and last Friday it revealed its findings.
Umbrella company contractors have put in claims for around half a million pounds worth of unpaid invoices following the collapse of Albany at the beginning of 2010.
A new report from the National Audit Office says that HMRC raised £8.5bn from its investigations into cases of serious tax evasion.
The FPB has warned small firms that they will face a number of challenges over the next few years.
The government must prioritise the up-skilling of workers in areas where the UK has skills shortages.
Discussions between the government and recruitment bodies regarding the AWR are going ahead as promised.
Tax experts have applauded the government’s grown up approach towards creating a more stable tax system.
Employee benefit trusts and employment finance retirement benefits schemes are the latest to be targeted in proposed Treasury regulations.
Umbrella company contractors and other freelance workers have been warned to be cautious of schemes that claim to be HMRC approved, when really they are referring to the reference number allocated to a scheme.
The Bank of England base rate is to remain at its historically low rate of 0.5%, at least for the immediate future, the Monetary Policy Committee has announced.
HMRC has launched a consultation asking for opinions on the introduction of real-time information into the PAYE taxation system.
Umbrella company contractors hampered by poor broadband connections could welcome recent government announcements.
The increased cost of travelling to work will encourage more people to abandon trains and buses and get on their bikes next year, according to reed.co.uk. Train fares are set to rise by up to 13% in the new year.
