Does top rate of tax affect umbrella company contractors?
The Treasury has estimated that the 50p rate of income tax will bring in an extra £12.6 billion over the next five years.
institute for fiscal studies
Do you have enough savings to cope with a drop in income?
Umbrella company contractors may be about to witness the biggest drop in household incomes for 30 years, according to the Institute for Fiscal Studies.
New-borns to pay more tax to fund ‘baby boomers’ pensions
Low-income households and the elderly have been badly hit by the recession, according to research conducted by the BBC and the Institute for Fiscal Studies.
Are we really going to see a simplified tax system?
The Institute for Fiscal Studies has some worrying news for people who are looking forward to a simpler UK tax system.
Mirrlees review proposals are not good news for contractors
Umbrella company contractors, freelancers and other self employed workers might not be too happy when they read the recommendations of an influential think-tank regarding Britain’s taxation system.