Now in its third edition, the World Economic Forum (WEF) report maps the jobs and skills of the future, tracking the pace of change and direction of travel. New data from the Future of Jobs Survey suggests that on average
A report by the Institute of Fiscal Studies shows that there has been a dramatic decline in pension savings by self-employed people, with some 3.5million working age self-employed people not saving into a pension. The research shows the proportion of
According to The Telegraph, HMRC is to reclaim self-employed income support (SEIS) grants that they believe were paid to some 24,000
HMRC have received more than 54,800 claims via their new online portal which allows workers to claim tax relief for working at home. The new portal was launched on 1 October 2020 in order to process tax relief on additional
Today’s ONS figures cover the period June to August 2020. Importantly, this month’s data includes revisions to estimates since March 2020, following a reweighting exercise by the Office for National Statistics (ONS). The revisions have resulted in a 300k lower
We have been made aware of a number of instances whereby the Nursing Agencies VAT concession is being incorrectly applied, with some recruitment agencies (and the umbrellas they work with) have been getting this wrong for a number of years.
Ahead of the 2021 off-payroll changes, HMRC has issued updated guidance on due diligence for workforce and temporary labour supply chains. As a reminder, the off-payroll changes mean that hirers will be responsible for determining the tax status of their
In a move to ease financial stress of coronavirus on self-employed people, the limit for “Time to Pay” has increased from £10k to £30k. This means that self-assessment taxpayers can pay up to £30k of tax owed for 2019-20 in
The government’s Small Business Minister, Paul Scully, has announced new proposals to ensure that small businesses in the UK are paid on time. Currently £23.4bn of late invoices are owed to small firms, which obviously impacts on cashflow and ultimately