We’re thrilled to announce that PayStream has been shortlisted in 3 categories at The Contracting Awards 2020, including: Best Umbrella Company, Best Contractor Accountancy and Best Contractor Innovation for our groundbreaking IR35 Comply review service.
Each month we highlight key points which are taken from REC's Jobs Outlook Survey to bring you the latest contractor market trends. In August's edition, there are a couple of surprises, which can only be good for the contractor market. Is your sector in demand?
Each month we highlight key points which are taken from REC's Jobs Outlook Survey to bring you the latest contractor market trends. In July's edition, there are a couple of surprises, which can only be good for the contractor market. Is your sector in demand?
Each month we highlight key points which are taken from REC's Jobs Outlook Survey to bring you the latest contractor market trends. There are a lot of positives this month, which could indicate the contractor market will act as a key driver in aiding the UK's economic recovery following COVID-19.
The Chancellor Rishi Sunak has opened the Treasury chequebook again and unveiled a new set of measures to "protect, support and create jobs" and get pubs and restaurants "bustling again". These include: incentives to encourage businesses to hire new staff; grants to help “green” industries; a stamp duty holiday for home buyers; a VAT reduction for the hospitality sector as well as funding discounts for those eating out.
The off payroll rules will still go ahead in 2021 after a motion to delay it a further 2 years was defeated in the House of Commons last night. This means the Finance bill will now move to the reporting phase before being passed to the House of Lords.
As the world starts to adjust to what the ‘new normal’ will look like, our sector is no different. The Government is keen to get the economy restarted and we all know how important the flexible workforce is in rebuilding a strong economy. They have already announced their plans to bring furlough to a close as they are keen to get the economy restarted.
When the Government introduced the Coronavirus Job Retention Scheme (CJRS) the country breathed a sigh of relief. However it was short lived for our umbrella employees because once we had all digested the guidance, it was clear that the Government hadn’t fully considered the way in which an umbrella employee works, and more specifically how the definition of regular salary should be interpreted for such an employee.
In this article we look at the challenges around furlough for umbrella employees. In particular the frustration and confusion created by differing opinions as to whether furlough pay is calculated on gross pay or basic pay.
In this article we take a look at the question that is proving so controversial: how do you calculate furlough pay for umbrella workers? But before we go into the legal technicalities we think it is important to say that this could be cleared up in a minute if the Government were to say; “for umbrella companies it works in this way.”
A shock announcement last night saw Chief treasury secretary Steve Barclay announce that the change to the off-payroll working rules will be delayed for one year to 6th April 2021. This is part of additional support for businesses and individuals to deal with the economic impacts of Covid-19. The delay means that the different rules that exist for inside and outside the public sector will continue to apply until 6 April 2021.