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mundlab1Official list of illegal tax schemes released

29 July 2014

There has been some concern from both self-employed workers and organisations after the new upfront payment regulations came into effect. These will see those who owe tax having to pay all the money up front before they can start the appeal process. With letters due to start going out to individuals next month, the government has released a list of a......


Criticism thrown at government for lack of debt reduction

29 July 2014

Despite the many avenues the government are exploring in a bid to tackle outstanding debt, officials have been criticised for the sizeable debt that still remains. In a new publication of the Seventh Report of Session 2014-15, the Committee of Public Accounts chair, Margaret Hodge, has questioned just how the government are managing the money thatís ......


Freelancers positive about British economy

28 July 2014

The latest figures have shown that contractors remain positive about Britainís economy, albeit less so than they did at the beginning of the year. In the latest Freelance Confidence Index, it was shown that 59.4 per cent believe 2015 will see increasing economic movement. However, this is 10.6 per cent lower than the figures noted during the first th......


Britainís job growth being affected by skills shortage

28 July 2014

Experts have worried for some time that the skills shortage being noted in the UK could have dire consequences. Now it seems that the nationís job growth is being hindered, with the JobsOutlook report from KPMG and the Recruitment and Employment Confederation (REC) showing that many sectors are suffering a shortage of talent. As part of the monthly report, it was shown that that 26 per cent......


Pay-first tax bills coming to contractors

25 July 2014

It has been revealed that the new rules making it mandatory for contractors to pay tax bills upfront before appealing have been delayed for a few weeks. However, the legislation will still come into place, meaning that freelancers will have to fully pay off any disputed tax before they are able to progress an appeal.The new rules were meant to come into effect during July 2014, but it has bee......


Self-employment encouraged by UK employment minister

25 July 2014

Esther McVey, the UKís employment minister, has urged youngsters to consider becoming self-employed and join the rising ranks of those working for themselves. In an interview published in the Daily Telegraph, the minister sang the praises of those who are self-employed, saying that entrepreneurs should be given the same social status as those who have gone into higher education.Ms McVey, a fav......


Salary inflation reached record high in Scotland

24 July 2014

Working in Scotland has often provided benefits for freelancers, with many opportunities presenting themselves for those willing to move north of the border. Now, the latest data has revealed that salary inflation for the nation has hit record highs, meaning that people are earning more than ever before.  The latest Report on Jobs by the Bank of Scotland indicated that Juneís Labour Ma......


Freelancers seeing rising day rates

24 July 2014

There has been good news for freelancers after it was revealed that pay rates for those working as self-employed are gaining. The latest data from the PCG showed that all current signs pointed towards increased pay in addition to more assignment availability.  The latest Freelance Confidence Index shows that although permanent workers are noting a certain amount of stagnation in their ......


Contractors become mainstream for Britain

23 July 2014

New research has shown that freelancers really are becoming mainstream in the UK, with 36 per cent of workers having worked as an agency worker, freelancer or contractor at some point in their career. Kevin Green, the chief executive of the Recruitment and Employment Confederation (REC) said: ďSometimes temporary work is looked down on as a second rate or a dead-end career choice. But if yo......


Important points about HMRCís Benchmarking

23 July 2014

It has been revealed that HM Revenue & Customs (HMRC) will roll out their Benchmarking onto contractors. Having trialled it in several sectors since April 2014, HMRCís new system might cause concerns for many self-employed workers, with those who are worried urged to seek advice from professional contractor accountants. The idea behind HMRCís scheme is to increase voluntary compliance fr......


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