The Web Designer Group Tracking
Thursday, October 22, 2020
Advertisement
Major hirers of contractors who implemented blanket bans on contractors operating through limited companies due to the planned extension of IR35 reforms to the private sector earlier in the year have been reversing such policies due to the subsequent postponement of the reforms, a contractor insurance firm...
Contractors and their advisors are growing increasingly concerned over potential tax increases in the Autumn Budget that will seek to align the tax liability of freelancers more closely with that of employees. Several newspapers reported over the weekend that chancellor of the exchequer Rishi Sunak is planning tax rises...
Insolvencies in the UK are forecasted to jump by twenty-seven per cent this year according to trade credit insurer Atradius, with the rise attributed to the covid-19 recession. The UK’s gross domestic product (GDP) is expected to suffer the largest contraction in Northern Europe in 2020 following the...
A cross-party group of Parliamentarians has written to chancellor of the exchequer Rishi Sunak calling on the government and HM Revenue & Customs to implement a “fair and final settlement opportunity” for taxpayers facing the 2019 Loan Charge, which would see the effective tax rate paid lowered to ten per cent.
Price increases in fuel, clothing and hairdressing contributed to an unexpected increase in the Consumer Price Index (CPI) measure of inflation in July, which rose from 0.6 per cent to 1 per cent year on year, the Office for National Statistics (ONS) reported on Wednesday.
The freelance sector entered recession in the second quarter of 2020 as a second consecutive trimester of negative growth in freelancers’ earnings was recorded by the Association of Independent Professionals and the Self-Employed (IPSE). IPSE’s Freelancer Confidence Index for Q2 2020 revealed that freelancers’ average...
Business output across the UK rose for the third month in a row in July as the services sector continued to benefit from the easing of lockdown restrictions, but the pace of the UK’s economic recovery started to wane, according to consultancy BDO’s Output Index.
The Covid-19 pandemic has had a detrimental effect on the wellbeing of many British contractors as the economy shut down for weeks and a substantial number of freelancers were left ineligible for the government’s coronavirus support schemes, a new survey has revealed. The survey...
Contractors are being warned about HM Revenue & Customs’ zeal in sending taxpayers Accelerated Payment Notices (APNs), after data obtained via a freedom of information request by a City law firm revealed that the tax authority voided more of the tax demands than it issued in the...
HSBC will speed up plans to cut 35,000 jobs after announcing a 65 per cent drop in profits for the first six months of 2020 and revealing that bad loans linked to coronavirus could reach $13 billion. An increase in provisions to cover bad...