It has been announced that George Osborne will deliver his first ever wholly Conservative Autumn Statement on 25th November 2015. The chancellor has also asked that the Office of Budget Responsibility publish a new set of forecasts that are to be presented on the same date as the Autumn Statement. We will continue to keep you updated with any developments during the lead up to the 2015 Autumn Statement. … [Read more...]
Travel and subsistence: Write to your MP and have your voice heard
Thank you to everyone that completed the ‘AUCAE National Contractor Survey’. The response from you was exceptional, with over 700 contractors from across the industry submitting their views to All Umbrella Companies Are Equal about the proposed changes . With an overwhelming response from the sector, your comments are being compiled along with a Legal opinion document by AUCAE to be presented to the HMRC. From here we hope to help shape the future for the contractor market. ePayMe have been … [Read more...]
Supporting National Payroll Week
National Payroll Week #NPW15 celebrates the impact of payroll on businesses and their employees, whilst embracing the contributions that payroll has on the UK economy. Each year, approximately £163bn is collected through income Tax and a further £109bn through National Insurance. #NPW'15 ‘It pays to learn’, focuses on ‘educating the nation’ through payroll. By ensuring employee’s are knowledgable about the payroll structure within their business, they will then become more financially aware. It … [Read more...]
National Living Wage – Hardened penalties for non-payment
After George Osborne’s announcement in the recent Summer Budget surrounding National Living Wage, the Government have taken further steps to ensure that employers pay National Minimum Wage and the National Living Wage to all workers, with plans to introduce hardened penalties for those who don’t. These tougher actions include, doubling the penalties issued for non-payments and disqualifying employers from being company directors for up to 15 years. With the National Living Wage of £7.20 for … [Read more...]
Workers employment status and false self-employment
Recent reports published by Citizens Advice, show having a strong understanding of your employees employment working status is vital, though there are continued challenges surrounding this topic. With the contractor market, continuing to increase, the Government have begun to action some positive steps in evolving the system of self-employment, with plans to scrap Class 2 NI and moving Tax returns on to an online system. Though there are still strong questions surrounding self-employment status. … [Read more...]
The future for Travel & Subsistence
Speaking to Contractor UK, Lisa Keeble of All Umbrella Companies Are Equal (AUCAE), spoke about the ongoing discussions surrounding Travel & Subsistence for contractors and the plans HMRC have to revoke this tax relief, suspected to come into play next April. HMRC have confirmed that any workers, that find placements through recruitment agencies, are to be considered as working under ’Supervision, Direction or Control’ (SDC), preventing them to claim tax relief on travel and subsistence, due … [Read more...]
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...]
AUCAE National Contractor Survey – Have your voice heard
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...]
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...]