Welcome announcement on red tape reduction
The coalition promised to cut the amount of red tape that umbrella companies and contractors are subjected to and yesterday Vince Cable announced the first stage of the plan.
news
The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
IT contractors expected to do more with a smaller budget
A decrease in IT budgets could mean that contractors are expected to work harder this year. ReThink Recuitment conducted a study that shows that two thirds of decision makers in IT think workloads will increase over the remaining months of 2010.
Umbrella company workers affected by HMRC PAYE mistakes
Ten of thousands of people, including contractors and freelancers, have been affected by the tax coding problems caused when HMRC migrated their records to a new computer system earlier this year.
Recruiters cautiously optimistic about recovery
Employers and recruiters are becoming more optimistic and their confidence levels have reached their highest level this year, which could benefit those working through umbrella companies.
Flexible workers provide benefits for clients
The European Union has proposed a new set of guidelines for labour reform in the member states but the ARC is concerned that the EU agency workers’ guidelines depict contractors and freelancers in a negative light.
Some legislation “just isn’t needed”!
Small businesses in the UK are spending too much time complying with red tape and government bureaucracy, according to a new report by the British Chambers of Commerce (BCC).
What does the budget hold for umbrella companies?
Small businesses, umbrella companies and limited company IT contractors will be in a state of ‘limbo’ until the emergency Budget is delivered on 22nd June.
What does the Queen’s speech mean for contractors?
The REC is understandably delighted that George Osborne has reversed part of the plan to increase NICs. They had opposed the move, as had all business bodies, as the potential cost would have prevented the jobs market recovering fully from the recession.
Market for IT umbella company contractors unclear
On Monday the Treasury released its plans to save £6.2 billion from the public sector budget. One of the planned measures is to cut £95 million from IT spending, which could affect those working through umbrella companies.
Current tax system “too confusing” for contractors
The Chartered Institute of Taxation has called on the new coalition to prioritise tax reform. They have written to George Osborne, the new chancellor, highlighted the need to simplify the current tax regime.
Would IT contractors benefit from a rebalanced tax system?
According to a recent manifesto published by the IT trade association Intellect, a fundamental overhaul of the UK tax incentive system could create as many as 250,000 jobs for IT contractors.
Excessive regulation is killing my umbrella company!
Recruiters and umbrella companies are drowning in employment red tape and bureaucracy after 13 years under a Labour government.
New MPs to review the agency workers directive
Contractors and freelancers with their own limited company, as well as interim workers who use the services of an umbrella company could soon discover exactly where they sit under the Agency Workers Directive.
Highly skilled umbrella company workers to be in demand
Contractors who work in science and engineering could find themselves in greater demand according to a report published recently by the CBI.
REC calls for public sector to be handled with care
The REC is urging the new coalition government not to make any drastic cuts from the public sector budget.
Medical locums and recruiters key to NHS challenges
Andrew Lansley, the new Health Secretary, has announced that family doctors rather than locums will be responsible for out-of-hours care.