Wednesday 13th March saw Chancellor Philip Hammond deliver his Spring Statement to Parliament. The UK economy continues to steadily grow, with unemployment at historic lows and with wages increasing; providing a solid foundation on which to build Britain’s economic future the Chancellor stated.The statement forecast that employment within the UK is due to rise to 32.7 million over the next year and steadily increase over the next 5 years. The current unemployment rate of 4.0% is the lowest … [Read more...]
Brexit News Update
For those following the Brexit news; this week those campaigning for a Second Referendum to keep the UK within the EU received boost as Jeremy Corbyn committed his party to supporting a fresh referendum.This is pertinent to the financial sector as after Brexit, the trade relationship between the UK and the EU will not be the same after the implementation period. Financial services is one of the UK’s biggest exports to the world, representing almost 10% of the UK’s total exports.If a no … [Read more...]
Back to basics… Outsourcing freelancer payroll
Why does it matter?With the rise in the number of firms using temporary staff and freelance contractors, more HR departments are opting to outsource their payroll functions for such workers.There are good reasons to do so, particularly for small and medium sized businesses that wish to avoid the expense of a full-time in-house payroll team. However, there are certain key points that HRDs must bear in mind.Do……‘Due diligence’ on any payroll provider you work with. The Criminal … [Read more...]
Disguised Remuneration = ‘Loan Charge’
We have been going on about this for a while, knowing it would only be a matter of time before HMRC would clamp down on these non-compliant payroll schemes. We all know if something is too good to be true, it usually is.Disguised remuneration schemes are arrangements that pay loans instead of normal salary to avoid Income Tax and National Insurance contributions.From April 2019, HMRC will introduce the loan charge to deal with the use of these avoidance schemes.The terms were … [Read more...]
Risks Facing The Recruitment Sector in 2019
Whilst the recruitment industry is a good barometer for the economy in general and is affected by Brexit and GPDPR, like all other sectors, recruiters will face some very specific risks in the coming year. IR35 was a major concern throughout 2018 and we now know that the changes will be introduced to the private sector in April 2020. We have already seen recruiters looking at workarounds, as pressure from hirers intensifies throughout 2019.With possible changes to regulations in the payroll … [Read more...]
Have you seen our article in The Educator?
If your payroll provider is offering a deal that sounds too good to be true....... you really should have a read of our article here.Please contact us on 01252 863700 if you would like to have a conversation surrounding any aspect of your payroll. … [Read more...]
The IR35 drama continues…….
How Off-Payroll toxifies relationships between business, agencies and the self-employed Not only are the Off-Payroll rules an overly-burdensome and unjust amendment to IR35, they also have a toxic impact on the previously amicable relationship between businesses, agencies and the self-employed. What HMRC introduced in a wanton effort to increase IR35’s tax yield threatens to destroy the supply chain dynamic and considerably damage flexible working in the UK.A real-life realisation … [Read more...]
Preferred Supplier Lists
As we settle into 2019 it is time to reflect and review on how we are doing, to avoid regulatory penalties and improve our business for the coming year.Many recruitment agencies use preferred supplier lists (PSL) for umbrella companies, but how do you ensure this is followed by your workforce? There has been mention of HMRC targeting individual consultants for unpaid tax, due to direct payments made by providers.Referral incentives place consultants at risk and can leave businesses open … [Read more...]
ePayMe expands leadership team with Martin Wilding joining as COO
ePayMe, the leading outsourced payroll services provider for the recruitment industry, has hired Martin Wilding as the company’s new Chief Operating Officer to oversee daily operations of the company and the work of all related teams.Martin began his career in the insurance industry as an Independent Financial Adviser. After 10 years as an adviser, he joined the Metropolitan Police Service, where he spent 12 years, including terms as an armed officer for the Diplomatic Protection Group, … [Read more...]
Are you thinking of registering for the CCS Framework?
The Government will be closing its list of preferred recruitment consultants for state schools for two years – so there’s no time to lose, says Sarah Johnston, Managing Director of payroll provider ePayMeIf you provide supply teachers, then you should know all about the extension of the CCS Framework to cover the recruitment of supply teachers – but just in case you don’t, here’s a quick recap.The Crown Commercial Service (CCS) is a UK Government agency which helps public sector bodies … [Read more...]