news

The latest news affecting contractors in the UK. Featuring the state of the contractor job market, IR35, and umbrella companies.

Spending cuts hit the Treasury

Spending cuts hit the Treasury

The Treasury is set to lose around 25% of its workforce due to the Chancellor’s spending cuts.

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Will workplace parking levy affect contractor accountants?

Will workplace parking levy affect contractor accountants?

The Forum of Private Businesses is opposed to the plans of a number of councils to introduce a tax on companies that provide parking for employees.

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HMRC should employ more staff as backlogs mount

HMRC should employ more staff as backlogs mount

People who have just become self-employed will have to wait up to 8 weeks for their registration to be processed says HMRC.

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Calls for the simplification of contractor pensions

Calls for the simplification of contractor pensions

Hargreaves Lansdown, the FTSE 250 investment company, partially backs the coalition’s proposals to change tax relief on pensions but suggests that further adjustments could make the system simpler.

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Online accountants should be wary of negligence claims

Online accountants should be wary of negligence claims

Professional advisers, including online accountants, have witnessed a massive rise in the number of negligence claims filed against them since the start of the recession.

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Will the UK Visa cap cause more functions to be outsourced?

Will the UK Visa cap cause more functions to be outsourced?

There’s been a lot said recently about clamping down on the amount of migrant workers allowed to enter the UK. Despite this, the latest CIPD/KPMG Labour Market Outlook report suggests that as the UK labour market improves, so does the employment demand for migrant workers.

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Are you confused by iXBRL computations?

Are you confused by iXBRL computations?

HMRC has published a guide for businesses and contractor accountants explaining how they need to comply with the iXBRL format computations for Corporation Tax online filing.

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Contractor accountants concerned about leasing changes

Contractor accountants concerned about leasing changes

A new proposal to change the way leases are accounted for on company’s balance sheets could have serious consequences for UK enterprises and contractors.

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HMRC loses s660a dividends tax case

HMRC loses s660a dividends tax case

Contractor accountants might be interested to hear that HMRC has lost their case against a couple who it claimed owed nearly £20,000 tax on four years’ dividends.

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Audit Commission to go, but is that a sensible move?

Audit Commission to go, but is that a sensible move?

The Audit Commission is to be scrapped, Eric Pickles, the communities minister, announced last Friday.

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Coalition should rethink the new compulsory pension scheme

Coalition should rethink the new compulsory pension scheme

The FSB thinks that micro firms should not need to comply with the government’s new pension scheme that comes into effect in 2012.

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Will electronic invoicing benefit contractor accountants?

Will electronic invoicing benefit contractor accountants?

Contractor accountants and small businesses could benefit from a new invoicing directive from the Council of the European Union.

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