Self-employed Articles

OECD calls for self-employed tax hike
marketing | 24 October 2017
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Calls from the Organisation for Economic Cooperation and Development (OECD) to revive plans for a self-employment tax hike have been met with scorn and confusion from self-employment pressure groups.

The last budget, delivered before the general election in June, included plans to increase National Insurance Contributions (NICs) for self-employed workers.

But in an embarrassing U-turn the Chancellor was forced to drop the tax hike when MPs pointed out that it contravened a 2015 election promise not to increase VAT, NICs or income tax.

Umbrella.co.uk celebrating national freelancers day 2017
marketing | 8 June 2017
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Today is all about recognising the hard work and dedication that goes into operating as a freelance worker, and helping those workers be fully aware of how to manage their business as effectively and smoothly as possible.

Self-employed welcome Chancellor’s ‘screeching’ U-turn

Chancellor Philip Hammond has been forced to make a ‘screeching’ U-turn on National Insurance contributions (NICs) for the self-employed.

In his budget statement last week, the Chancellor said that he wanted to increase Class 4 NICs, which are only paid by self-employed workers, by two pence in the pound in 2019. 

Following heavy criticism from Tory backbenchers, the media and the self-employed community, the Chancellor has dropped this policy.

The SNP leader in Westminster Angus Robertson called it a “screeching” U-turn while Labour said the move was “humiliating”. 

What this landmark Uber ruling could mean for contractors
marketing | 31 October 2016
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A landmark court ruling has found that Uber drivers are not self-employed contractors and can be classed as employees.

The employment tribunal ruled that the taxi app drivers are entitled to minimum wage and other benefits.

It was the case of the decade for employment law – pitting the popular lift hailing app company against one of Britain’s most powerful unions in a tribunal case that threatens to shatter the so-called ‘gig economy.’

The ruling isn’t just important for Uber, its drivers and its customers - it could also have more far reaching consequences for other self-employed contractors and their employers.

In this blog post we take a closer look at the case and evaluate some of the potential consequences of the ruling.

marketing | 19 September 2016
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A month after HMRC told Deliveroo that is needs to pay its drivers the minimum wage, two more legal cases further highlight the issue of modern day payment practices. 

Three quarters of self-employed have no pension
marketing | 7 August 2017
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A survey of British workers has revealed that almost three quarters (73 per cent) of self-employed people have no personal pension.

The survey revealed that self-employed Brits contribute less to their pensions each month, start saving for retirement later and are less likely to know what’s in their pension pot.

With questions raised about pension provision for contractors, the survey suggests that the pension industry is not meeting the needs of the self-employed community. 

18 perks employees get that freelancers have to pay for
marketing | 24 March 2017
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Freelancers and self-employed people will be well accustomed to criticism from employed friends and colleagues.

Philip Hammond’s final Spring budget statement was met with fury from the self-employed community when the Chancellor broke a manifesto promise and increased taxes on the self-employed.

10 downing street door

Theresa May had a busy time at the Conservative party conference last week, and hidden among some of the bigger policy announcements relating to Brexit and education reforms was some rare good news for people in ‘non-traditional’ employment.

Midnight on July 31 is the deadline for making your second ‘payment on account’ to HMRC.
If you are self-employed or you own a business and you think that you have to make an advance ‘payment on account’ for this current tax year then this is your last chance to pay before you receive a fine.

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