contractor confidence wellbeing series

Contractor wellbeing series: confidence has surged in the sector despite economic uncertainty

The latest Confidence Index from the Association of Independent Professionals and the Self Employed (IPSE) and PeoplePerHour.com has revealed that British contracting professionals show the brightest and most confident outlook on their future since before the Brexit vote. Despite the uncertainty of today’s climate from trepidation for the outcome of Brexit and economic pressures to outstanding…

HMRC tackling cybercrime _online fraud_fake HMRC websites

HMRC has shut down a record number of fraudulent websites

Over the past 12 months, in HMRC’s pursuit of online fraudsters, it was reported that a record number of fake websites posing as HMRC have been deactivated. With the introduction of cutting-edge technology designed for tackling cybercrime, HMRC appears to have been successful with over 20,750 malicious websites having been taken down – a 29%…

industry reactions to 2019 loan charge

Resounding industry disapproval regarding the 2019 Loan Charge

We recently published an article overviewing HMRC’s new legislation, the 2019 Loan Charge. The government claims this to be the next phase in tackling tax avoidance. However many have raised concerns about the harshness of the new bill. There are calls for the taxman to be compassionate and flexible towards those they are taxing as…

IR35 CEST tool

Industry insiders raise issue with IR35 CEST tool

Many within the contractor industry have criticised HMRC’s CEST tool as not fit for purpose. The digital tool was designed by HMRC to help contractors determine their IR35 status but it has been scathingly criticised by the self-employment industry. ContractorUK firmly surmised it as: “wrongly seen as mandatory. Too blunt to be sector-specific. Unhelpful to big…

contractor self-employed wellbeing life satisfaction

Making wellbeing a priority for contractors

The UK’s self-employed population has grown rapidly over the last ten years. According to the Centre for Research on Self-Employment (CRSE), almost five million people, equating to fifteen percent of the UK workforce are now self-employed. Thus, as contracting becomes increasingly important to the UK economy, it is vital that individual wellbeing is taken into…

2019 loan charge

What is the 2019 Loan Charge?

The 2019 Loan Charge is HMRC’s next step in their crackdown on tax avoidance. They aim to recover unpaid taxes they deem to be owed by thousands of contractors who have used a disguised remuneration scheme. HMRC will be looking to collect payment for retrospective taxes from any individual who has used a disguised remuneration…