PAYE errors causing umbrella company contractors headaches
Nearly six million UK taxpayers, including umbrella company contractors, are due for a rude awakening, thanks to an error in the PAYE system.
news
The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
Just waiting for the worst. It might be yet to come
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.
Bankers swerved supertax
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.
PAYE employees suffer from training burn out
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.
Despite projected GDP growth, the economic rollercoaster continues
Within 5 years, unemployment levels will reach 10% in over half the regions in the UK predicts the CEBR.
Economic recovery in Scotland to slow down this autumn
The chief economist at the Bank of Scotland has predicted that the Scottish economic recovery is going to slow down in Q3.
Doom and gloom for public sector umbrella company contractors
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.
Who will police the police over late payments?
The latest public body to come under fire for late payment of invoices is the police force.
Autumn AWR regional workshops to be hosted by the REC
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.
January’s VAT increase may be the first of many
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.
MoD umbrella company contractors need to be flexible
HM Armed Forces are going to suffer the most severe cuts ever as part of the government’s austerity measures.
Have your say on how to cut spending
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.
Don’t ignore tax reforms says the IMA
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.
Umbrella company contractors need to consider their retirement
95% of people, including contractors, nearing retirement age aren’t ready for the financial implications it will bring, according to MGM Advantage.
HMRC coding errors led to a 148% increase in overpayments
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.
Contractor job market recovery continues
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.