HMRC recently issued a statement to remind people of the need to complete their VAT procedures online if they have an annual turnover in excess of £100,000 or registered for VAT after the first of April this year.
Contractors could benefit from continuing recruitment freezes as many firms still do not want to make permanent appointments. In fact the latest Manpower report says that nearly 90% of employers do not plan to increase recruitment in the third quarter.
George Osborne is due to give his emergency budget on June 22nd and it seems everybody wants to give him advice! Any measure introduced could affect umbrella companies.
Contractors and freelancers working in the accountancy profession expect more financial institutions to create interim opportunities in the coming year.
The KPMG and REC’s latest Report on jobs shows that recruitment demand for IT contractors has dropped for the 3rd consecutive month, whilst demand in all other sectors is rising.
Umbrella company contractors working in the public sector can take comfort from recent comments made by Sir Peter Gershon. Gershon has already published a review into public sector efficiency in the UK and he was a special adviser to the Tories during the run up to the recent election.
Morale is currently low at HMRC and employees have now been warned that they are in for tough times ahead. Chief Executive, Lesley Strathie, informed staff that they need to be realistic about the challenges they face.