Countdown to stronger fines make it a good time to find a reputable umbrella company
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.
HMRC staff still receive high bonuses despite blunders
Despite various blunders by HMRC last year that affected umbrella company contractors, the department still spent nearly £800,000 more on bonus payments to staff than it paid out the previous year.
Arrests made in HMRC’s clampdown on offshore bank accounts
Last December, two British citizens were arrested on suspicion of hiding money in Swiss bank accounts to evade paying UK taxes.
REC welcomes government plans to reform the tribunal system
The government has confirmed that it will reform the tribunal system in the UK, a decision that has been welcomed by the REC.
Mixed outlook for umbrella company contractors
Only 25% of temporary workers in London saw a decrease in the number of freelancers and umbrella company contractors in the companies they worked with last year.
IT contractors have many reasons for optimism
Confidence amongst IT contractors working in financial services has increased dramatically over the last year as banks carry on ploughing money into IT investment, new research shows.
Will NHS reforms benefit umbrella company contractors?
More than 75% of the top interim managers in the NHS believe the government’s efficiency savings will impact negatively on the delivery of frontline services, according to Interim Partners.
Should large companies pay their full tax liability?
The National Audit Office is to investigate the way tax inspectors from HMRC reach settlements with multinational companies after Vodafone’s £1.2 billion settlement caused uproar.
Confidence abounds amongst IT contractors
Umbrella company IT contractors have entered 2011 with increased confidence, according to the most recent IT Employee Confidence Index.
45,000 job losses in financial institutions predicts CBI
The CBI has warned that financial services companies in the UK could cut around 15,000 jobs over the next three months as the focus sharpens on lowering costs.
ARC warns government not to reduce HMRC budget further
Union officials have warned that cuts to HMRC’s budget will lead to an increase in tax evasion and widen the gap between the revenue recovered and the amount actually due.
Did bad weather affect umbrella company contractors?
The freezing December weather caused 38% of small businesses to close and a further 41% to operate without their full complement of staff. The cost to the small business sector was in the region of £2.1bn.
