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Big developments in Off-Payroll, skimming and rolled-up holiday pay
Over the past week legal and policymaking developments impacting contractors and umbrella company workers have been announced. What do the experts think of the news?
Tax office closes down 18-month IR35 probe marking ‘turning point’…
The 10 risks unmarried couples need to address
You build a life with someone and for one reason or another, you don't get married. Maybe it was due to the COVID lockdown, the cost of a living crisis or you didn't think you needed to go through the legal stuff to share a life together.…
New crypto app claims it can cut currency exchange costs for contractors by 50%
A ban on remote work between many countries due to different currencies and transferring fiat money is a big problem for some contractors. A new app aims to solve that
"Where dollars are not banned or have limited circulation, the total…
Freelancer awarded $300,000 in a lawsuit against Kanye West fashion brand Yeezy
Freelance creative director learned a costly lesson when not signing a contract with fashion brand
Kanye West’s fashion brand Yeezy has been ordered to pay $300,000 to a Brooklyn-based freelance creative director who claimed the fashion…
New King’s Coronation nature reserves and woods to spark nature jobs across the UK
England’s longest national trail to be renamed the ‘King Charles III England Coast Path’
The next two sections of the King Charles III England Coast Path to open will be in Filey, North Yorks and Crosby Beach, Liverpool. Both sections…
The US Fed has upped its interest rate, can we expect the same for the UK if more US banks tank?
The US Federal Reserve is raising the interest rate paid on reserve balances to 5.15 per cent, effective May 4, 2023. The move is likely to spark an interest hike announcement in the UK according to several news reports.
Central banks…
HMRC launches new service for import businesses
Hundreds of thousands of UK traders could benefit from new service to make importing easier
Any solo self-employed traders that import goods from food to antiques could have more certainty in valuing duties and VAT with HMRC's launch…
New report suggests only 1 in 5 self-employed headed for a comfortable retirement
The Office for Budget Responsibility projects the UK's state pension and pensioner benefit spending will rise from 5.6% to 9.6% of national income by the early 2070s; this increase is equivalent to £100 billion a year in today’s terms. The…
New government consultation looks into double- taxation of IR35
The government says it will launch a consultation to explore ways HMRC can account for double-taxation if a business gets caught for non-compliance and contractors have already paid a certain amount of tax.
As it stands, HMRC does…
With PAYE worker numbers up 400% government lacks the incentive to regulate umbrella industry
Government slammed for “deafening silence” over umbrella industry consultation. The question remains, why has the government dragged its feet for 6 years to regulate the umbrella industry?
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