HMRC recently issued a statement to remind people of the need to complete their VAT procedures online if they have an annual turnover in excess of £100,000 or registered for VAT after the first of April this year.
IT contractors are on the move! At least that’s the view of the largest IT recruitment agency, SThree.
Employers and recruiters are becoming more optimistic and their confidence levels have reached their highest level this year, which could benefit those working through umbrella companies.
The European Union has proposed a new set of guidelines for labour reform in the member states but the ARC is concerned that the EU agency workers’ guidelines depict contractors and freelancers in a negative light.
Small businesses, umbrella companies and limited company IT contractors will be in a state of ‘limbo’ until the emergency Budget is delivered on 22nd June.
On Monday the Treasury released its plans to save £6.2 billion from the public sector budget. One of the planned measures is to cut £95 million from IT spending, which could affect those working through umbrella companies.
The Chartered Institute of Taxation has called on the new coalition to prioritise tax reform. They have written to George Osborne, the new chancellor, highlighted the need to simplify the current tax regime.
The number of short term assignments for limited company contractors, sole traders and umbrella company workers is set to drop according to a new report by the Confederation of British Industry (CBI).
Following it’s successful ‘on the road’ tour, the REC has stepped up it’s campaign to educate recruiters and clients about the impact of the forthcoming Agency Worker’s Directive.
The stock markets have already taken a battering over the last 48 hours and several leading economists have suggested than anything other than a Tory / Lib Dem coalition could have a devastating impact on the UK economy.
According to the Institute for Employment Studies (IES), the proposed hike in employer’s national insurance contributions will have a relatively small impact on the permanent employment market in the UK.
According to new research by reThink Recruitment, pay rates for IT contractors in the north of the country are increasing more than three times quicker than the rates for equivalent contractors in the south.
Limited company contractors could once more be in the firing line with HMRC. According to accountancy firm Smith & Williamson, HMRC will be closely monitoring the use of dividend payments between now and the end of the tax year.
HMRC is urging employees, sole traders, limited company contractors and umbrella company workers to contact them if they believe they have received an incorrect tax code this year.
With full implementation of the Agency Workers Directive less than 20 months away, the REC has announced that it will issue new guidance to help recruiters, contractors and umbrella companies ensure their businesses are compliant in time for October 2011.
You’ve got to feel sorry for umbrella companies. Apart from the odd hiccup (Albany), they provide a stonkingly good service to contractors and have done for the best part of ten years.
