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.
Many employers expect to make permanent redundancies from Covid-19 crisis
CIPD: ‘Making redundancies should be a last resort once all other options for reducing workforce costs have been taken’.
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New guidance tool coming for business owners to understand their tax
LITRG: ‘The self-employed often need to digest a lot of information when they are also busy running and growing their businesses and a tool which provides guidance to specific trades will be useful’.
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Employers need to step up staff’s mental health support during COVID-19 crisis
CIPD: ‘The COVID-19 pandemic is putting a huge strain on employers and individuals – and it’s completely understandable that for some, this situation is proving challenging for their mental health.’
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HMRC to stop automatically sending paper self-assessment returns
Taxpayers will still be able to file a paper return if they choose, but HMRC will encourage those who are able to file online to do so.
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Chancellor finally provides financial support to the self-employed
Millions of people across the UK could benefit from the new Self-Employed Income Support Scheme.
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Government launches Coronavirus business support
The Chancellor of the Exchequer: “We are working round the clock to do whatever it takes to protect our people and businesses. That means that we are not only taking unprecedented action but doing so at unprecedented speed, because we know that businesses and their employees need help now.”
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IR35 private sector changes put on hold
Larsen Howie: ‘We’d like to stress that the legislation has been delayed, not cancelled; any investments you’ve made or are making in getting ready for the reform will not be wasted and will stand you in good stead versus competitors who are burying their heads in the sand’.
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Contractor groups call for emergency Coronavirus fund
IPSE: ‘Coronavirus is not only a health crisis, but an income crisis that threatens the self-employed in particular’.
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