Latest Contractor News
Keep up to date with all the latest contractor news. We have written everything in plain English, so there’s no need to go to the overly complex HMRC website to learn about any tax and accountancy related updates.
Government criticised for gaps in self-employment support during Covid
IPSE: ‘Many of the report’s findings echo the deep concerns we raised over gaps in support for the self-employed throughout the pandemic’.
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Voluntary National Insurance deadline extended
Financial Secretary to the Treasury: ‘We recognise how important State Pensions are for retired individuals, which is why we are giving people more time to fill any gaps in their National Insurance record to help bolster their entitlement’.
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Spring Budget 2023
On Wednesday 15th March 2023, Chancellor Jeremy Hunt announced the details of the Spring Budget, with a focus on getting people back into work and boosting the economy.
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Repayment agency banned from trading
HMRC: ‘We will not allow a small number of bad actors to tarnish the reputation of the whole tax agent sector’.
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Spring Budget: SMEs feeling overlooked and undervalued
FSB: ‘While there are some positive words in today’s Budget, the Government’s lack of support for small firms in critical areas is glaring. The Chancellor stressed that the UK is one of the best places to do business and we’ll avoid a technical recession this year – but small businesses need more ambition and more focus’.
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Government urged to focus on more age groups to boost labour market
CIPD: ‘As our analysis shows, it’s important that the current focus on addressing the decline of over-50s in employment doesn’t obscure the need and opportunity to get more young people into work’.
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Chancellor urged to tackle childcare crisis in Spring Budget
FSB: ‘To make sure more people can work, and we can secure growth in the long term, the Chancellor has a real opportunity to tackle the domino effect that rising childcare costs have on the workforce’.
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Calls for Chancellor to improve HMRC service levels
CIOT: ‘The problems currently faced by taxpayers and their advisers when trying to get in touch with HMRC are having a big impact on both businesses and individuals’.
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