Preparation essential if recruiters want to branch out overseas
The Netherlands could be just the place for recruiters to go if they want to expand their business into mainland Europe.
umbrella companies
Are we going to see an HMRC tax amnesty for contractors?
How is the Revenue going to survive the spending cuts? Some advisers have suggested that it might roll out more amnesties in the hope of increasing cost efficiency.
What’s the economic outlook ahead for umbrella companies?
Our economy should escape a double dip recession, but we will see growth slow down, according to the BCC.
High business rates are crippling British businesses
Business rates have increased dramatically even though the previous government pledged to help companies through the recession.
HMRC launch PAYE consultation
HMRC have launched a new consultation that could result in major changes on the horizon for PAYE. The PAYE business processes were introduced in 1944 and have not changed in the following 66 years.
Unemployment down, but how about the future for contractors?
Professionals and employers are showing signs of increased confidence as the unemployment rate falls, according to Hays Recruitment.
Top-level IT personnel still in high demand
Despite the decline in demand last month, the ICT sector is still looking healthy, according to the REC’s latest Report on Jobs.
Those nearing retirement want more taxation advice
A new survey by Just Retirement has found that workers who have retired or are nearing retirement would like to receive more guidance on taxation and other issues. This can include those working through umbrella companies.
Is a centralised tax system a viable option in the UK?
Employers may be relieved to pass over employee tax calculations to HMRC but experts are not convinced that a centralised tax system will work efficiently in the UK.
Entrepreneurs leap by 117% in the last 5 years
There’s been a massive surge in the number of entrepreneurs who have set up limited companies in the last five years, according to Experian.
Temporary immigration cap leads to a social worker shortage
The government’s temporary immigration cap is harming the social work profession according to recent reports in the media. In July, the government imposed a limit of 24,100 skilled workers from non EU countries entering the UK and a permanent immigration cap will be in place next year.
HMRC says it will continue to chase tax underpayment cases
The BBC was recently told by HMRC whistleblowers that the Revenue has been instructed not to chase a lot of underpayment cases that are over two years old and which could be open to a legal challenge; a claim that has been strongly denied by an HMRC spokesman.
Northern companies struggle to obtain finance
New research shows that small businesses, recruiters and umbrella companies in the north have less chance of obtaining business loans than their counterparts in the south.
Will HMRC clampdown affect umbrella companies?
A fivefold increase in prosecutions against tax evaders could see HMRC bringing 800 people a year to court. In the year to September 30 2009, the Revenue brought 157 prosecutions against individuals.
FSB calls for more competition in the banking sector
The FSB is asking the government to do more to encourage competition in the banking sector. There have been concerns that the current lack of competition could lead us back into recession.
Contractors may have to wait longer for settlement
Rather than reversing the trend for late payments, a new directive from the EU could actually make matters worse, according to the FPB.