In this week’s webwatch, Parasol reports an impressive take up of its workplace pension scheme, following the introduction of new ‘opt in’ rules. HMRC still owed £2bn by offshore EBT schemes, New opportunities for IT contractors in Manchester, Positive signals for contract hiring.
Contractor News Updates
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This week, the much-discussed GAAR (anti tax abuse legislation) goes live. Could it put an end to offshore contractor tax schemes? Second income tax payment on account due 31st July.
The latest industry data shows that the demand for IT contractors is at a 2 year high, however average daily rates remain roughly where they were a decade ago.
In this week’s news roundup, the PCG launches a survey to see how public sector contractors are coping following the ‘off payroll’ fiasco last year. Small firms are paying 11% more to their accountants as a result of the RTI payroll changes.
Big drop in demand for permanent IT staff, but IT contracting growing. HMRC plans clampdown on tax avoidance by partners in LLPs. The Chancellor launched his second comprehensive spending review. Interim management survey 2013 released. New survey found that 85% would recommend contracting to a friend.
In this week’s roundup, an MP fails in his quest to outlaw retrospective taxation via an amendment to the Finance Bill 2013, the IMA urges more women to consider interim management, contractors urged to chase invoices promptly, SJD Accountancy reports a 25% increase in contractor numbers.
In this week’s news, a new site has been launched to urge umbrella providers to sign up to a charter to demonstrate their compliance with HMRC rules and ethical employment practices, PCG adds extra benefits for its members.
In this week’s ‘Webwatch’, a new survey reveals that 37% of the contracting workforce has received an HMRC penalty at some stage, HMRC is to expand the number of IR35 investigation units, PCG holds an ‘off payroll’ briefing for MoJ contractors, and contractors await the outcome on a retrospective tax vote in the Commons.
This week’s news from around the web includes reaction to the Government’s plan to consult on tax avoidance by offshore payroll companies, umbrella companies pledging not to become recruitment firms, and the IR35 Forum has released its latest minutes.