Childcare can be a significant financial burden for parents with costs adding up to thousands per year.To address the issue, the government is doubling free child care for three and four-year-olds in England from 15 hours to 30 hours from September 1.The 30 hour funding will be available to parents who work at least 16 hours and earn less than £100,000.They can claim it for the term after their child's 3rd birthday.It will usually available for 38 weeks of the year (term-time) … [Read more...]
Archives for August 2017
Umbrella working offers better rates of pay, says FCSA
Umbrella working is being adopted by an increasing number of high-end professionals in a diverse range of occupations, according to research by the Freelancer and Contractor Services Association (FCSA).Key findings from the study, which compares umbrella working in 2015 with 2017, show that the average assignment rate has risen significantly over the last two years, with 73% of umbrella workers earning £15 per hour or more, compared to 53% earning the same rate in 2015.The average length … [Read more...]
The Criminal Finances Act will come into force this Autumn! Just as we’re getting our heads, and procedures, round GDPR
Criminal Finances Act (APSCo Quarterly Board Pack Briefing)Overview: The Criminal Finances Act came into force on 27 April 2017 and introduces new corporate offences of failing to prevent the facilitation of UK or foreign tax evasion. Part 3 will come into force through a Statutory Instrument in Autumn 2017. It introduces a new corporate criminal offence for businesses that fail to put in place reasonable procedures to prevent the facilitation of tax evasion by their employees and … [Read more...]
IR35 reform in the private sector: waiting for the other shoe to drop
Long before controversial public sector IR35 reform was introduced in April, speculation was mounting that the private sector would face similar changes. And in fact, public sector reform was simply seen as a test-run for the private sector by many, writes Seb Maley, Qdos Contractor's CEO.While private sector IR35 reform has not yet been confirmed by the government, the rumour that this might well happen in time does have substance. Along with increasing media attention, private sector IR35 … [Read more...]
HMRC winning majority of tax avoidance cases
One of the three cases lost by HMRC concerned InvestecHM Revenue & Customs lost just three of the 26 tax avoidance cases heard in 2016/17, data from the Government department shows.A list of litigation decisions that involved tax avoidance on the HMRC website shows that there was also one mixed decision – concerning brewer Greene King – where the outcome was found partially in favour of HMRC.The three cases it lost concerned Investec, Project Blue, which is a subsidiary of … [Read more...]