To help the UK’s economy recover from the devastation caused by the coronavirus pandemic, the government has announced a 1.25% increase in National Insurance (April 2022), as well as a new Health and Social Care Levy (April 2023). A rise in National Insurance was perhaps unavoidable. However, the self-employed are …
If you’re using an umbrella company for your payroll, or you’re considering it, you should already know what Pay as You Earn (PAYE) is. However, if you’re not, or you’d like a friendly reminder – keep reading! We’ll cover the basics. What is PAYE? Pay as You Earn, or usually …
The FSB recently welcomed the news that unemployed dropped by 88,000 and that a similar number of people entered the workplace.
A new survey from the FSB confirms that small businesses would be more willing to take on staff if the coalition reduced employers National Insurance Contributions.
Despite various blunders by HMRC last year that affected umbrella company contractors, the department still spent nearly £800,000 more on bonus payments to staff than it paid out the previous year.
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.
HMRC is likely to become more vigilant when it comes to scrutinising the tax affairs of umbrella company contractors, freelancers and entrepreneurs.
