The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
Professionals and employers are showing signs of increased confidence as the unemployment rate falls, according to Hays Recruitment.
Unemployment down, but how about the future for contractors? » Read the full story
Despite the economic downturn, IT outsourcing has increased, according to a study by Computer Economics. Since the recession started, companies have increased the amount they spend on outsourcing services.
IT outsourcing continues to rise despite the economic crisis » Read the full story
HMRC is likely to become more vigilant when it comes to scrutinising the tax affairs of umbrella company contractors, freelancers and entrepreneurs.
Contractors must make sure their tax affairs are in order » Read the full story
The controversy regarding the Agency Workers Directive continues, as in fact it is likely to so do for some time to come. Although the AWD does not come into force until next October, the recruitment industry is already starting to prepare for implementation.
Umbrella companies and the agency workers directive » Read the full story
Despite the decline in demand last month, the ICT sector is still looking healthy, according to the REC’s latest Report on Jobs.
Top-level IT personnel still in high demand » Read the full story
Contractors working in the retail sector have seen their rates slashed since the recession began, according to Interim Partners’ director of retail and consumer.
Interim managers may be being too pessimistic » Read the full story
The PCG is holding Mastermind sessions throughout the UK in the run up to National Freelancers Day (November 23rd).
Are you a freelance mastermind? » Read the full story
The services sector showed modest growth last month, according to the most recent Markit/CIPS Business Activity Index.
Recruitment optimism for umbrella company contractors » Read the full story
A new survey by Just Retirement has found that workers who have retired or are nearing retirement would like to receive more guidance on taxation and other issues. This can include those working through umbrella companies.
Those nearing retirement want more taxation advice » Read the full story
Employers may be relieved to pass over employee tax calculations to HMRC but experts are not convinced that a centralised tax system will work efficiently in the UK.
Is a centralised tax system a viable option in the UK? » Read the full story
Last week, the Bank of England controversially hinted that we should be spending rather than saving.
Should umbrella company contractors be saving or spending? » Read the full story
The National Institute of Economic and Social Research think tank predicts that the UK’s economy will increase by 1.3% this year. In 2011, GDP will grow by 1.7% followed by an increase of 2.2% in 2012.
Mixed predictions on the future of the economy » Read the full story
There’s been a massive surge in the number of entrepreneurs who have set up limited companies in the last five years, according to Experian.
Entrepreneurs leap by 117% in the last 5 years » Read the full story
Umbrella company contractors will no doubt be interested to learn that more people in the UK are now working flexibly.
More people are now benefiting from flexible working » Read the full story
The government’s temporary immigration cap is harming the social work profession according to recent reports in the media. In July, the government imposed a limit of 24,100 skilled workers from non EU countries entering the UK and a permanent immigration cap will be in place next year.
Temporary immigration cap leads to a social worker shortage » Read the full story
Young umbrella company contractors need to be encouraged to save for their retirement, but in order to make the prospect appealing, the UK pensions industry need to undergo radical reform, according to George Ladds from the Fair Investment Company.
Young umbrella company contractors need to consider pensions » Read the full story
