Temporary worker billings increase as available candidate pool drains
Editor | 24 February 2022
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Latest analysis of the UK jobs market by KPMG and REC shows that temporary worker billings have increased significantly in recent months.

The UK Report on Jobs for January shows that hiring activity increased again at the start of 2022.

Can inside-IR35 contractors work through a limited company in 2022?

Changes to off-payroll working rules (also known as IR35) came into effect in the private sector in April 2021. These rules mean that private sector clients judge a contractor’s IR35 status, rather than the contractor themselves.

Following a period of ‘light touch’ enforcement during the pandemic, HMRC is expected to enforce the new rules more rigorously in 2022. In the coming months, many companies may be revisiting contractor policies and IR35 judgements.

‘Making Tax Digital’ Looms for more Limited Company Contractors
Editor | 17 February 2022
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‘Making Tax Digital’ Looms for more Limited Company Contractors.

The Government’s flagship digital tax policy will be extended to include more contractors and limited company directors from April 2022.

Making Tax Digital (MTD) is HMRC’s strategy to make taxes easier and more efficient. But complying with the rules does come with an additional cost for businesses that need to use Government-approved accounting software.

 

Hundreds of construction insolvencies threaten contractors

Contractors working in the construction industry are being urged to exercise caution amid a sharp rise in the number of construction firms going bust in the UK.

According to data from the Insolvency Service, an average of 266 construction businesses collapsed each month in the three months to October 2021.

Experts have blamed rising material costs and a shortage of skilled workers for the closures, which are most likely to affect specialist sub-contractors.