Umbrella company contractors might be unsurprised to hear that the Commons Treasury select committee has been told that HMRC is nearly at breaking point due to recent staffing cuts.
Umbrella company contractors will be interested to hear that the REC is joining the Office of Tax Simplification. REC officials will now join a number of other legal and tax experts on the small business consultative committee.
This week is National Apprenticeship Week and the FSB has taken the opportunity to urge the coalition to remove some of the barriers stifling job creation, to enable more businesses to take on apprentices.
Late payments increased by 16%, to 25.7 days, in the final quarter of last year, a situation which had an adverse affect on some recruitment companies.
Pfizer, the world’s largest drugmaker, announced last week that it intends to shut down its Research and Development facility in Sandwich within the next 2 years.
Small businesses, including limited company contractors, could benefit if the Ministry of Defence rethinks the way it deals with SMEs, according to a new report by the FSB.
As implementation gets closer, a recent survey has discovered that 80% of freelancers, including those working through umbrella companies, do not know what the AWR is or whether it will affect them.
Contractors might be interested to learn that HMRC is going to impose penalties of up to 200% on individuals found guilty of tax and capital gains evasion.