As stated in our previous blog article - ‘IR35 errant clause’ is much ado about nothing, the Government has now confirmed that the off-payroll legislation will not affect umbrella companies and that the legislation itself will be amended to clarify the definition of “intermediary”.
On Thursday 4th November we did what no other provider has done before and scooped a trio of awards at the Contracting Awards 2020. Not only did we retain the Best Contractor Accountant award for the second year running, but we also walked away with Best Umbrella Company and Best Contractor Innovation for our IR35 Comply service.
This week some commentators picked up on the drafting flaw and published articles warning against the use of umbrella companies unless tax was deducted before paying the umbrella company. This seemed counterintuitive to us since one of the benefits to agencies and contractors (and HMRC) of using umbrella companies is the assurance that the correct levels of tax are paid.
With the furlough scheme due to end in October the country was waiting to hear what new proposals the Chancellor had planned to help industry and business through the continuing COVID-19 pandemic. This came in the form of the Winter Economy Plan. Further details of the measures announced are still to be published or clarified. In this article we provide a summary of what we learned.
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.