Making Tax Digital: what you need to know so far

The Making Tax Digital (MTD) initiative was first proposed in the 2015 Spring Budget. It is an essential part of the government’s strategy to make the tax administration system more efficient, effective and easier for taxpayers.   What does this mean for you? Making Tax Digital aims to make it simpler for business-owners, landlords, and…

Which locations are reported to have the highest demand in IT contractors?

Across most sectors, there has been a significant rise in demand for contractors. According to the REC’s Report on Jobs, the top 3 sectors with a high demand for contractors were the Blue Collar, Engineering and IT divisions. IT contractors have had even more good news, with the growth in demand hitting a 9-month high…

Contractor billings hit 5-month high despite severe staff shortages

The overall UK employment rate hit a record high this May with 75.6% of UK residents now in employment. According to the REC/IHS Markit’s Report on Jobs, these encouraging figures were reinforced by the 71.2% of women in employment, which is the highest percentage reported since records began. Equally, it was revealed 80% of men…

Industry reactions to IR35 legislation and its complexities

Many in the contractor industry appear to be disappointed in HMRC’s response to the complications surrounding IR35 legislation. Industry feedback so far has brought to light various issues impacting contractors from the efficiency of HMRC’s customer service to their response and management of IR35 legislation. As a whole, many feel as though there is still…

Female contractors are waving goodbye to the gender pay gap

On April 4th, 2018, businesses with more than 250 employees were required to publish data on the gender pay gap between employees at their organisation. The results for the overall labour market were an unfortunate reminder that economic inequality is still prevalent in the UK. From over 10,000 businesses, 78% were revealed to pay their…