Editor | 8 July 2014
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A recent CBI / PwC survey into the health of the UK’s financial services sector has revealed a mainly positive outlook coming into the 2nd half of 2014. There were over 90 firms interviewed, with a vast majority predicting a steady increase in business volumes, increases in profitability and subsequent rise in new hire opportunities.

It’s been a constant feature of our business pages and daily news bulletins, but the tearaway topic of shale shows no sign of slowing down. In the latest developments, the founder of leading scale adventurer Cuadrilla has announced his intention to explore potential shale deposits lying under the Irish Sea.

Editor | 22 April 2014
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Whether it is to bring specific talents from specific backgrounds onto a project, or drafting in much needed extra help on a quick turnaround project, IT departments throughout the UK rely on contract staff.

Umbrella.co.uk have reviewed the 2014 Budget Statement for any key issues affecting UK contractors.

HMRC have issued a note to confirm how the changes in the agency rules will interact with the current legislation in respect of working through an intermediary (commonly called IR35). It follows on from concerns that were raised during the consultation process of Onshore Employment Intermediaries: False Self-Employment. 

The findings of the recent Lord’s Select Committee regarding the role of personal service companies (PCS) has sparked discussion amongst the freelancing and contractor communities.

Editor | 13 May 2014
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In the end the vote went down to the tiniest of margins, but earlier this year the Swiss people voted to bring back quotas to limit immigration into Switzerland from European Union countries.

The budget announced that the National Minimum Wage will increase in October 2014. Umbrella Company employees are paid at the National Minimum Wage Rate, a reimbursement of allowable expenses and a bonus or commission based on the surplus they generate. An increase in the national minimum wage can affect lower paid contractors meaning that if they fail to generate adequate income then they may not be eligible for the whole of their tax free expenses. 

Editor | 20 February 2014
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If you have missed the 31st January deadline don't panic too much.

If you are more than a day late then you are already be subject to a £100 fine.

Editor | 7 February 2014
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It's good to see that HMRC have a sense of humour when they published the 10 oddest excuses they have received from people who were late submitting their tax returns! 

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