The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
Nearly six million UK taxpayers, including umbrella company contractors, are due for a rude awakening, thanks to an error in the PAYE system.
PAYE errors causing umbrella company contractors headaches » Read the full story
New data collected by a recruitment financer has revealed that the most deleterious effects of the global economic downturn are still to come for small and medium sized businesses.
Just waiting for the worst. It might be yet to come » Read the full story
Financial recruiter Goodman Masson’s director Richard Hoar recently stated that the so-called banking “supertax” has not precipitated the mass exodus of financial services staff that industry experts had been fearing.
Bankers swerved supertax » Read the full story
Umbrella company contractors should consider themselves lucky not to have to undergo the sort of company training that many PAYE employees undergo, which often has no underlying purpose.
PAYE employees suffer from training burn out » Read the full story
Within 5 years, unemployment levels will reach 10% in over half the regions in the UK predicts the CEBR.
Despite projected GDP growth, the economic rollercoaster continues » Read the full story
The chief economist at the Bank of Scotland has predicted that the Scottish economic recovery is going to slow down in Q3.
Economic recovery in Scotland to slow down this autumn » Read the full story
The chief executive of Hays, Alistair Cox, has some worrying news for those in the public sector who work through umbrella companies and are worried about the loss of their contract.
Doom and gloom for public sector umbrella company contractors » Read the full story
The latest public body to come under fire for late payment of invoices is the police force.
Who will police the police over late payments? » Read the full story
The REC is holding a series of regional workshops around the country to help its members understand how the Agency Workers Regulations will impact their business.
Autumn AWR regional workshops to be hosted by the REC » Read the full story
Tim Denison from Synovate believes that the VAT increase which will come into effect next January could be the first of a range of changes.
January’s VAT increase may be the first of many » Read the full story
HM Armed Forces are going to suffer the most severe cuts ever as part of the government’s austerity measures.
MoD umbrella company contractors need to be flexible » Read the full story
George Osborne has announced that, as part of the government’s Spending Challenge, the public have submitted more than 100,000 ideas on how the coalition should cut spending.
Have your say on how to cut spending » Read the full story
The Investment Management Association has said that the government must not be detracted from the need to reform the UK taxation system just because spending cuts are being implemented.
Don’t ignore tax reforms says the IMA » Read the full story
95% of people, including contractors, nearing retirement age aren’t ready for the financial implications it will bring, according to MGM Advantage.
Umbrella company contractors need to consider their retirement » Read the full story
The fiasco surrounding HMRC’s attempt to introduce a new system to cope with PAYE codes earlier this year continues with news that PAYE processing errors resulted in a 15.7% increase in underpayments and a 148% increase in overpayments.
HMRC coding errors led to a 148% increase in overpayments » Read the full story
The latest London Employment Monitor from Morgan McKinley shows a 7% month on month increase in new City jobs, and a 71% rise on July last year.
Contractor job market recovery continues » Read the full story
