As a contractor, becoming a director of a limited company may seem overwhelming. The actions you must take to successfully launch your own business are listed below. 1. Select a name for your business Selecting a company name that is both distinctive to your business and pertinent to your industry …
How to set up a limited company in the UK » Read the full story
Online retailer Amazon has been accused once again of engaging in tax avoidance here in the UK, yet once more the multinational has dismissed allegations.
Umbrella company contractors working in pharmaceuticals could see an increase in opportunities after GlaxoSmithKline announced it intends to create a further 1,000 jobs in the UK.
Well that’s the Budget over and done with for another year. During Prime Minister’s Questions directly before the Chancellor’s speech, David Cameron joked that we were in for a kaleidoscope budget.
It’s Budget Day tomorrow; the weeks of speculation will be over and UK taxpayers, including umbrella company contractors, will discover what is in store for them over the next 12 months.
The Chancellor of the Exchequer, George Osborne, said recently that the government will be unable to cut taxes this parliament due to the global economic crisis.
Umbrella contractors might like to know that Danny Alexander, the chief secretary to the Treasury, has said HMRC is to strengthen the size of its team tackling tax avoidance and evasion by adding more than 2,000 additional tax inspectors this autumn.
The Work Foundation recently said that the UK’s future prosperity would only be secured if the knowledge economy provided jobs and balanced growth.
The Times newspaper recently asked readers to rank the UK against five key competitors for tax, business friendliness, infrastructure, skills and workforce.
The CBI has welcomed the government’s new StartUp Britain campaign saying it could encourage more people to set up their own business.
The government has confirmed that deferred bonuses will not fall under its new tough tax avoidance regulations.
The Institute for Fiscal Studies has some worrying news for people who are looking forward to a simpler UK tax system.
Tax experts have applauded the government’s grown up approach towards creating a more stable tax system.
Contractors could be better off as a result of George Osborne’s announcement that the income tax threshold will change. The REC said that temporary agency workers who only work for short periods will be especially delighted with the budget announcement.
