Make sure you have your say against the HMRC's plan to change Travel & Subsistence Since the recent Budget, we have seen HMRC issue consultations, surrounding Travel & Subsistence that could impact the contractor market. As a proud member of 'All Umbrella Companies Are Equal' we have been following the development very closely as a few members of AUCAE met with the HM Revenue & Customs recently to discuss this topic in more detail and to find clarification surrounding 'supervision, … [Read more...]
Archives for July 2015
Intermediary Reporting Deadline – Fast Approaching
HMRC Intermediaries Reporting Deadline Countdown The Intermediary Reporting deadline looms closer and closer. On 5 August, legislation requires employment intermediaries to submit their online reports, where they supply two or more workers to a client without operating PAYE. Are you ready, or, have you already submitted your reports? Please make sure that you do, otherwise fines could be imposed on you…… Follow the links below to find out more about what Recruitment Agencies are required … [Read more...]
Latest reviews by the Office of Tax Simplification announced
Latest reviews by the Office of Tax Simplification announced Yesterday saw the latest review by the Office of Tax Simplification, focusing on the Taxation of small companies, as well as Income Tax and National Insurance. The structure of these subjects have been looked over, to see if a simplified format can be put into place. When looking into Income Tax and National Insurance, it will look closely at what steps are required to attain a closer alignment of costs, benefits and impacts, whilst … [Read more...]
Employment Intermediaries and Tax relief for Travel and Subsistence
Employment Intermediaries and Tax relief for Travel and Subsistence With the closing date for comments set at 30 September 2015 and although still in its consultative state, the HMRC are determined that expenses paid will no longer be tax free but what measures will they take to achieve this? Reading the consultation document, it is clear that the interpretation of Supervision, Direction or Control is very unclear as it is hard to see where SDC will NOT exist! Which no doubt will continue to … [Read more...]
LATEST ON IR35 REVIEW
LATEST ON IR35 REVIEW After a discussion with HMRC, FCSA have confirmed that, ongoing concerns surrounding IR35 are directed at the non-compliant and disguised employment that is costing the Government over £400m per year. The Governments interest is to protect the Exchequer whilst continuing to improve the fairness within the system. It has been expressed that there is no inclination to stop PSC’s from being set up or operating, as long as they are operating compliantly. The focus is on those … [Read more...]
Summer Finance Bill Published!
After the Summer Budget last week the Government have announced the 2015 Summer Finance Bill, to introduce the Tax changes proposed this year. With the Conservatives ongoing campaign to be a ‘Working Person’s Party’, the key focus has been to ensure that people keep more of their hard earned wages. As documented in the Budget, the Summer Finance Bill documents the changes to Tax that will take place: Income Tax and VAT will not increase, throughout the current Parliament Personal Tax … [Read more...]
What is the actual cost of the National Living Wage?
What is the actual cost of the National Living Wage? Last week we saw the Chancellor of Exchequer George Osborne, announce his Summer Budget, with the main focus being the National Living Wage discussing the incentives for businesses that pay the Living Wage. Osborne confirmed in the Budget that the new National Living Wage will be made compulsory to all workers aged 25 year and over, starting next April at £7.20 per hour and set to reach £9 per hour by 2020. Rohan Silva writer at the Observer … [Read more...]
It has been reported that candidate registrations in the City Job Market are up by 25%
It has been reported that candidate registrations in the City Job Market are up by 25% With a new Government in place, we have seen candidates continued confidence within the job market increase, with the number of registered candidates within the City of London, rise by 25% in the last year. Tracked by Robert Walters City Job Index on a monthly basis, we have seen an increase of 1% in the amount of job opportunities within the City of London rising to 9,255, based on the same time last year … [Read more...]
LATEST UPDATE – SUMMER BUDGET – FREE CHILDCARE
LATEST UPDATE - SUMMER BUDGET - FREE CHILDCARE "From September 2017, all working parents of three and four-year-olds will receive free childcare of up to 30 hours a week, he says. This was a key election manifesto pledge. "As a result we now expect parents with a youngest child aged three, including lone parents, to look for work if they want to claim Universal Credit," he adds." - BBC.CO.UK … [Read more...]
Key points from the Summer Budget 2015
KEY POINTS FROM THE SUMMER BUDGET 2015 Wednesday 8th July 2015 Today, Chancellor of Exchequer George Osborne stood up once more, this time presenting the Summer Budget Statement to the House of Commons, as a wholly Conservative Government, for the first time in nearly twenty years. Outlining the Governments plans for the up and coming years, George Osborne opened the discussion with "We have a job to do and we're here to get on with it. ...This will be a Budget for working people " … [Read more...]