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.
Half of UK contractors plan to quit sector due to IR35 reforms
IPSE: ‘The pandemic has done disproportionate financial damage to the self-employed sector: after this, it simply cannot take the added hit of the changes to IR35’.
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Female contractors face greater financial problems, finds survey
IPSE: ‘The pandemic has brought disproportionate financial struggles on many self-employed women. Even before 2020, they faced a much greater gender pay gap than among employees’.
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Concerns about new digital tax reporting rules
Making Tax Digital for Corporation Tax is part of HMRC’s plan to reduce the tax gap caused by taxpayer mistakes.
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Only half of employers have a financial wellbeing policy in place
CIPD: ‘The pandemic has, unfortunately, hit many people’s finances hard, with many losing their jobs and others seeing their income fall’.
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Hiring confidence improves amongst UK businesses
REC: ‘With the whole of the UK in lockdown throughout January, it is a good sign that employers’ confidence levels and hiring plans have continued to improve across the last quarter – albeit slowly’.
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Still more needed to help SMEs through the pandemic
FSB: ‘While the furlough extension is much-needed, small employers are still struggling due to high national insurance contributions and the removal of the job retention bonus’.
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Government launches VAT Deferral New Payment Scheme
The new payment scheme is part of a wider government package of support, worth more than £280 billion.
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PM’s ‘Roadmap’ plan misses out vital areas, says APSCo
APSCo: ‘The road map provides clarity for some, but there are still a number of gaps that need to be addressed swiftly’.
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