GOVERNMENT RECOGNISES VALUE OF TEMPORARY LABOUR IN ECONOMIC RECOVERY
The flexible workforce has been the victim of one attack after another from HMRC, with the consultations around removing the benefit of travel and subsistence expenses for umbrella employees working under supervision, direction or control of the End-client being the most recent
That said, Financial Secretary to the Treasury, David Gauke recently wrote, 'Flexible labour plays an important role in the UK economy and in ensuring business has access to the individuals, skills and services it needs to encourage growth and rapidly respond to new demands
It is an important aim of this government to ensure that the tax system reflects the key role flexible labour now plays in the UK and how businesses and labour markets are operating
' 'Recognising the different ways individuals are now working, whilst ensuring the tax system provides no individual or business with an unfair advantage
We are committed also, to ensuring the tax system is not exploited by businesses and individuals seeking to pay less tax and are continuing to tackle tax avoidance, tax evasion and address unfair outcomes as a priority
' It's clear that government have got the tough job of balancing the needs of businesses to remain competitive whilst not allowing tax revenue to fall between the cracks, especially through the use of contrived tax avoidance models that are so widely available, and actively marketed by certain Umbrella Companies and industry service providers
Talk to Genius about how HMRC view Umbrella
YOU'RE REQUIRED: ALAN SUGAR URGES PUBLIC TO GET BACK TO WORK
Business tycoon Lord Alan Sugar today urged Brits to “put on a suit, put on a dress and get back to work” amid rising calls to kickstart the faltering economy. Speaking to LBC radio, Sugar ...
LOCAL LOCKDOWN GRANT SUPPORTS BUSINESSES FORCED TO CLOSE
New grants worth up to £1,500 will be available every three weeks to businesses required to close due to local lockdowns or targeted restrictions. The new grants come as the government ...
CITB TO REMOVE 5,000 SMALLER CONTRACTORS FROM LEVY SYSTEM
Around 5,000 smaller construction companies will not have to pay any levy to the CITB next year. The training body is raising its Small Business Levy Exemption threshold for employers with wage b ...
540 JOBS LOST AFTER NATIONWIDE ACCIDENT REPAIR SERVICES GOES INTO ADMINISTRATION
The repairer was sold to RunMyCar, keeping 80 sites open but resulting in the closure of 30 more. Nationwide Accident Repair Services has collapsed into administration, along with a number of its subs ...
VIRGIN ATLANTIC TO CUT ANOTHER 1,000 JOBS AFTER £1.2BN RESCUE DEAL
Virgin Atlantic is said to be preparing a further 1,000 job cuts, hours after securing approval for a £1.2bn rescue deal. The airline, founded by Sir Richard Branson in 1984, will announce the l ...
SELF EMPLOYED .. WHAT CAN I CLAIM AS EXPENSES?
If you're self-employed, you will have various running costs. Some of these expenses you can deduct on your tax return as allowable expenses. Allowable expenses do not include money taken from your bu ...