HMRC finds £42 billion tax gap

Any contractors currently at work in the UK as either limited companies or sole traders may be interested in a new series of figures recently published by HM Revenue & Customs.

Good news for UK contractors

According to new data released from the British Chambers of Commerce, contractors across many UK industries may be in for some good news: the BCC predicts that British GDP will rise by 1.7 per cent this year and 2.2 per cent the following year.