When he delivered his budget speech last week, the Chancellor announced that 21 enterprise zones were to be created rather than the originally planned 10. Businesses moving into one of these will receive discounts of up to 100% on their rates, superfast broadband and enhanced capital allowances where the zone focuses on manufacturing.
New Enterprise Zones could provide more work for contractors » Read the full story
A group of MPs has said that tax professionals should be given the opportunity to scrutinise how policy changes will be implemented during the legislative phase.
MPs to get expert guidance to understand tax legislation? » Read the full story
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.
January’s VAT increase may be the first of many » Read the full story
HMRC is set to increase its investigations into tax avoidance and contractors not operating via an umbrella company may wish to get advice from a specialist accountant to ensure that all their tax matters are in order.
Forget about tax evasion, honesty must be the best policy » Read the full story
IntaPeople, an IT recruitment company has warned that key IT personnel, including those working through umbrella companies, will resign from the public sector and secure better opportunities elsewhere.
Umbrella company IT contractors not happy with budget » Read the full story
Both the BCC and the CBI have hit out at the coalition’s proposal to abolish the default retirement age from April 2011. The BCC’s director of policy, Adam Marshall, says this will restrict the ability of businesses to manage their workforce.
Umbrella companies could be hit with pension hike » Read the full story
The government has announced that they will once again look at whether a general anti-avoidance rule should be introduced as a measure to deter limited company tax evaders.
Concerns over tax avoidance measures » Read the full story
The British Chamber of Commerce has warned George Osborne to tread carefully with his plans to increase taxes in today’s budget. UK umbrella companies will also be watching with interest.
Go easy with tax increases says the BCC » Read the full story
Freelancers and contractors who rely on the public sector for contracts could find themselves struggling to find work according to the CIPD.
Future not so bright for freelancers in the public sector » Read the full story
Small businesses and umbrella companies should plan ahead in order to cope with the changes that are likely to be introduced in next week’s budget.
Umbrella companies need to plan ahead for emergency budget » Read the full story
The last budget before the general election will be presented on March 24th, the Treasury confirmed yesterday. It is thought that the Chancellor will unveil his plans to cut the growing public deficit by 50% over the next 5 years.
Umbrella companies brace themselves for the Budget » Read the full story
