New tax avoidance risk tool for umbrella contractors
Editor | 25 November 2021
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HMRC has launched a new tool to help contractors assess whether thei

Sky Sports Presenter Hit with £281,000 IR35 Bill
Editor | 12 November 2021
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A court has ruled that former Sky Sports darts presenter Dave Clark owes HMRC more than £281,000 in tax after he lost an IR35 case appeal.

55-year-old Clark, who suffers with Parkinson’s disease, is the latest in a series of TV and radio personalities to find himself under investigation for suspected breaches of IR35 rules.

Autumn 2021 budget - Contractor Highlights

Last week the Chancellor of the Exchequer, Rishi Sunak revealed the Autumn 2021 budget.

We’ve created a summary to highlight the elements most relevant for you.

Read on to learn what’s changing.

Two million workers plan to change jobs before Christmas

New research reveals that more than two million workers are planning to switch jobs before Christmas, with most workers motivated by a better work-life balance.

According to Totaljobs - which analysed more than 4.2 million job changes since 2015 and surveyed more than 4,500 jobseekers - a quarter of the UK workforce is planning on a change in the next two years.

Demand for contractors soars in key sectors
Editor | 13 October 2021
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Employer demand for contractors is soaring in key sectors, including IT and construction, as the economy bounces back from the coronavirus pandemic.

Competition for contractors has been intensified by a number of factors, including long-term labour shortages and an IR35 exodus from the contracting sector.

Recruiter trade body REC said that there was ‘fierce competition’ in the jobs market in September, where labour shortages contributed to issues in petrol stations and on supermarket shelves.

Temp pay grows at record pace amid candidate shortage
Editor | 17 November 2021
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A new report on the UK labour market has revealed that a lack of candidates is driving up rates of temp and starting pay.

The KPMG and REC’s latest UK Report on Jobs survey found that strong demand for staff, coupled with a steep fall in the labour supply, drove the sharpest increase in starting pay since the survey began in 1997.

Sunak’s ‘Missed Opportunity’ to Police Rogue Umbrella Companies
Editor | 5 November 2021
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Chancellor Rishi Sunak has missed a chance to regulate umbrella companies after failing to mention it in his Autumn Budget.

The Freelancer and Contractor Services Association (FCSA), which represents compliant umbrella companies, expressed disappointment at the government’s silence on an important issue to protect temporary workers.  

IR35 changes drive one-third of contractors out of self-employment

New research shows that more than a third of contractors have left self-employment because of changes to off-payroll working (IR35) rules.

A survey published by the Association of Independent Professionals and the Self-Employed (IPSE) shows that 35% of contractors no longer work for themselves.

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As a contractor, your hourly rate is more than the equivalent of a permanent employee doing a similar job. That is largely down to the added expertise that you bring to the table, with a varied and notable work history across various projects. Even amongst contractors, there will be people doing the same type of role on a lower rate than you. No two contractors are the same.

Self-employed pension saving dips to record low
Editor | 8 October 2021
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Self-employed pension savings hit a record low in the year leading up the pandemic, according to figures released by HMRC.

Whether it’s through an umbrella company like Umbrella.co.uk, as a sole trader or through a limited company, more people are choosing to work for themselves. But the amount that self-employed workers pay into their pension pots is on the decline.

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