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
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 ...
CHANCELLOR ORDERS REVIEW OF CAPITAL GAINS TAX
The chancellor has commissioned a review of Capital Gains Tax (CGT) to examine how gains are taxed in comparison to other types of income. The office of Tax Simplification (OTS) will undertake the rev ...
BORIS TELLS MP'S TO SUPPORT THE GOVERNMENTS VIEW ON IR35 AMENDMENTS AND OFF-PAYROLL
So we finally find out why so many MP's did not, or did not want to get involved with trying to stop Off-Payroll Working Rules and IR35 amendments, completely ignoring the Finance Bill and report from ...
BRICKWORK CONTRACTOR LOOSE CASE - STATUS OF CONSTRUCTION INDUSTRY CONTRACTORS QUESTIONED BY TRIBUNAL RULING
An Employment Tribunal has thrown into question the status of construction industry contractors in a ruling finding that two contractors were in fact employees and should be afforded the protections o ...
CALL TO BUILD 100,000 HOMES A YEAR FOR COVID-19 HEROES
Ministers are being urged to build 100,000 homes a year to rent for key workers involved in the fight against coronavirus. The Local Government Association has called for a social house building ...
RACE FOR £250M SOUTH EAST NEW-BUILD HOUSING DEAL
South East Consortium is planning to invite tenders next month for a fresh line-up of firms to deliver a £250m new-build housing programme. The 37-member strong consortium consists of sever ...