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’s Powering Up Britain Strategy welcomed by SMEs
FSB: ‘Small firms have long waited for support to become more energy efficient, and have asked for more than just words and guidance, but resources to be put in place to help. We are pleased to see Energy Secretary Grant Shapps heed our calls’.
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Many employers want an Apprenticeship Levy reform
REC: ‘This survey reinforces the near-deafening calls from many employers that the government must expand the levy to ensure more short course training, which will help people of different age groups’.
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Remote working could be bad news for employee skills development
Unispace: ‘People learn from people, and being away from an environment where staff feel comfortable not only onboarding new staff, but also mentoring others, will limit skills development and staff retention overall’.
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Increase in base rate means more worries for SMEs
With the Bank of England making the announcement to increase the base rate from 4% to 4.25%, the UK’s SMEs are hoping that this recent rise is the last.
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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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