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Friday, January 17, 2020
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The UK’s audit profession is in need of “urgent reform”, including separating it from the accountancy profession and redefining its purpose, say the findings of a year-long review into the sector by City grandee and former chair of the London Stock Exchange, Sir Donald Brydon. His 138-page report...
The official UK unemployment rate fell to 3.8 per cent in the quarter leading up to the missed Brexit deadline of October 31st, according to figures released by the Office for National Statistics (ONS) on Tuesday. The figure represents the joint-lowest unemployment rate since the three months to...
As the major parties scramble for contractors’ votes, the Conservative Party has bowed to political pressure with chancellor of the exchequer Sajid Javid committing to a review of “the proposed changes to IR35” last Saturday. The Liberal Democrats, the SNP and the Green Party had previously made similar...
HM Revenue & Customs has updated its highly criticised online IR35 status checker to include over thirty new questions, following consultation with more than three hundred stakeholders. The update comes just under six months before the roll-out of IR35 reform, known as the Off-Payroll rules, to the private sector,...
HM Revenue & Customs is warning taxpayers due to submit self-assessment contractor tax returns on January 31st to be wary of fraudsters that operate using bogus phone calls, text messages or email. The tax authority received nearly 900,000 reports over the past year from the public about suspicious...
Boris Johnson announced on Monday that planned cuts to the rate of corporation tax had been shelved, calling the move the “fiscally responsible thing to do” at a conference of business leaders. Corporation tax had been due to be slashed from 19 to 17 per cent from April...
Blockchain-powered freelance marketplace Nodal Labs has entered administration, according to a recent Companies House filing. The start-up, launched in September 2018 with the intention to reinvent the recruitment process for businesses and freelancers, revealed that it had encountered financial difficulties relating to cashflow problems which had caused it to...
Sajid Javid is planning a giveaway Budget in the week of October 21, albeit contingent on the government agreeing terms on the Brexit Withdrawal Agreement with the European Union before that week, and successfully getting the deal through the House of Commons. Government sources told the Financial Times that...
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...