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.
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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UK firms urged to be more open to hiring older workers
Robert Half: ‘The current hiring, training and talent management landscape isn’t geared towards older demographics’.
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SME concern over looming fuel duty hike
FSB: ‘If fuel duty rises as planned, it would represent a missed opportunity to remove one of the obstacles that will hinder growth – but the Chancellor still has the power to rectify that mistake in next month’s Spring Statement’.
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Self-employed economic contribution falls by £25bn
IPSE: ‘This research should act as a wake-up call to government. Policies which are detrimental to the sector, such as the IR35 rules and the VAT threshold acting as a cap on activity, should be reviewed’.
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VAT registered firms reminded to file and pay on time
HMRC: ‘We are contacting 2.5 million VAT registered businesses about the changes and will continue to support customers to help them manage their tax affairs and payments’.
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