The Chancellor announced in yesterday’s Autumn Statement the measures he will be bringing in to bridge the £60bn gap in the UK’s finances. The run up in the weeks before the announcement focused in on measures that would affect all UK tax payers and households, and was widely believed would involve a freeze of the tax allowances and a lowering of the upper rate tax threshold.…READ MORE
In an unexpected U-Turn the new Chancellor of the Exchequer, Kwasi Kwarteng, announced today in his mini budget that the Off-Payroll changes brought into the Public Sector in 2017 and later to the Private Sector in 2021 will be scrapped.
The unpopular off-payroll changes forced thousands of contractors to reconsider their future, placing the determination of their contract’s status in the hands of British Business and public sector organisations.…READ MORE
Over a million freelancers, investors and landlords have failed to pay their tax bill on time, and could incur hefty fines and interest charges. It will come as a harsh financial blow to those who are already struggling financially after the negative impact of the pandemic.…READ MORE
A loosening of COVID-19 restrictions and improved optimism in the economic outlook. These two factors have been cited as reasons why many businesses stepped up their job recruitment plans last month. This in turn has led to record job hiring activity figures being recorded. …READ MORE
The IT contractor market continues to go from strength to strength in 2021 despite the introduction of IR35 in the private sector and the blanket bans being imposed by end clients on limited company contractors.
The recruitment industry confirms that the more technical areas of the IT labour market are still in strong demand with contractors able to “pick and choose” temporary assignments.…READ MORE
Life as a contractor working on temporary contracts is always challenging. At ContractingWise we are always here to help you navigate around the ever changing legislation, handling your contracts and working out the best payroll provider to work with. When things go wrong you are not on your own – we are here to help.…READ MORE
In the wake of the Covid-19 pandemic, and the latest reports that the UK economy has nosedived by 20% in one month, it’s inevitable that there will be job losses. While many companies will respond by scaling back on their overheads in order to survive, this doesn’t mean that the demand for talent is any less.…READ MORE
On Sunday, Boris Johnson announced a “conditional plan” to begin lifting England’s coronavirus lockdown. The plan outlined a “Covid-19 alert system”, that will influence how quickly the lockdown can be lifted in accordance with three conditional stages. Mr. Johnson said the government would begin with the first stage on Wednesday.…READ MORE
As the April deadline for rolling out IR35 to the private sector draws closer, the confusion surrounding the reformed legislation continues to grow. It’s little surprise then, that the number of businesses seeking to minimise their liability risk with blanket policy shows no sign of diminishing.…READ MORE