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Friday, January 17, 2020
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Brexit-related uncertainty continues to affect the UK job market, according to the latest Report On Jobs, published jointly by KPMG and the Recruitment and Employment Confederation (REC). Permanent staff placements fell solidly at the beginning of the final quarter of 2019, as businesses chose to cancel or postpone hiring...
The Bank of England has downgraded its forecast for UK economic growth, citing both a weaker global outlook and Boris Johnson’s Brexit deal as major contributory factors. In the last meeting of the monetary policy committee (MPC) before the general election, the Bank also elected to hold interest...
New research has shown that the number of older workers joining the freelance or the “work as a contractor” sector has surged in recent years. There are now almost two million (1,907,000) self-employed individuals over the age of fifty who work as a contractor in the UK. This...
Employers are being called to take stronger action to tackle pay discrimination after recent figures showed that the gender pay gap is at its widest when workers reach their 50s. Figures published this week by the Office of National Statistics (ONS) revealed that the gender pay gap...
The latest JobsOutlook, produced by the Recruitment and Employment Confederation (REC), has revealed a surge in demand for short-term contract and temporary staff in the June to August quarter. The increased demand for work as a contractor represents a rise of twelve percentage points compared to the previous quarter,...
Members of the public who wish to submit evidence to the recently launched Loan Charge Review, led by Sir Amyas Morse, will have an additional two weeks to provide their material to the review’s secretariat, it was revealed this week. The contractor tax review was commissioned by the...
HMRC are celebrating a photo-finish IR35 win at the tax tribunal in respect of three BBC presenters. But the court’s difficulty in coming to a decision may foreshadow an impending administrative nightmare facing thousands of UK private sector businesses as of April 2020. Joanna Gosling, Tim Willcox...
The Loan Charge review announced two weeks ago and led by Sir Amyas Morse began to hear testimony this week, including from the former Conservative leader Iain Duncan Smith, and tax barrister Keith Gordon of Temple Tax Chambers, both of whom have been highly critical of the contractor tax policy.
The government has revealed new plans to tackle the misuse of “gagging orders”, or non-disclosure agreements (NDAs), in the workplace. Such contract or policy documents are being used to cover up incidents of sexual harassment, racial discrimination and assault. Plans to introduce new legislation were announced this month by...
A long-awaited decision was made at the tax tribunal this week regarding a tax avoidance strategy employed by the Ingenious group of companies, which involved high net worth individuals, footballers, actors and celebrities investing in a series of blockbuster films including Avatar, Life of Pi and Die Hard 4.