Contractors in Scotland face mixed prospects, as contract market remains soft
Contractors within different contracting sectors have increasingly varying prospects in Scotland’s contract market, as it softens for a second month.
Contracting’s growth a structural change that’s likely to continue, says BoE report
Contracting sector’s growth is a structural change that’s accelerating, leading to improved prospects for contractors, says a Bank of England Report.
IR35 Forum to keep contractors in the dark about future meetings
Contractors only just see minutes from an IR35 Forum meeting held last year when it was proposed to change the terms of reference & shorten minutes.
ContractorCalculator: Contracting news in brief – 13/Mar/2015
News this week covers: HMRC’s false IR35 assumptions; MPs briefed on umbrellas; increased contractor demand; tax avoidance; & IPSE’s Budget demands.
HMRC publishes estimates of IR35 costs and Exchequer risks using flawed assumptions
HMRC has published its estimates of IR35 compliance costs to contractors and the Exchequer risk if IR35 were to be abolished using flawed assumptions.
Umbrella contractor expenses Budget clampdown may be averted by HoP event
The feared umbrella contractor expenses clampdown expected in the Budget may be averted or diluted as MPs are briefed at the Houses of Parliament.
Contract opportunities increase in core contracting disciplines as economy grows
Engineering, construction, media and marketing contractors all have increased contract opportunities resulting from accelerating economic growth.
ContractorCalculator: Contracting news in brief – 06/Mar/2015
News this week covers: OTS report; key client event; IPSE warns political parties; APSCo data; expat destinations; and oil & gas tech focus for 2015.
96% of public sector contractors are compliant with off-payroll rules, says Treasury
96% of public sector contractors can demonstrate that their tax affairs are in order, but 94 contractors have been reported to HMRC by the Treasury.
Contractors face long haul for employment status clarity, says OTS review
Contractors will have a long wait before measures can be implemented to introduce clarity and certainty over employment status, says the OTS’s review.
No ‘quick wins’ for contractors from OTS employment status report
Contractors shouldn’t expect any quick wins from the OTS review of employment status, but worryingly a statutory employment test is being considered.
ContractorCalculator Market Report March 2015
Contractor markets soften in some disciplines, but not in IT, engineering and oil and gas where specialist skills remain very much in demand.
ContractorCalculator: Contracting news in brief – 27/Feb/2015
News this week covers: oil and gas contracting; contractor rates; rate cuts in banking; procurement; mortgage war; HMRC appeals; & expenses guidance.
Contracting pays, as an increased proportion of contractors earns more than employees
Contracting clearly pays, as skills shortages are causing a greater proportion of contractors and temps to be paid more than permanent employees.
Oil and gas contractors may have a long-term future in the UK North Sea, shows report
Oil and gas contractors may benefit from long-term demand in the UK North Sea with tax and cost savings, suggests Oil & Gas UK’s Activity Survey 2015.
ContractorCalculator: Contracting news in brief – 20/Feb/2015
News this week covers: Employment Intermediary reporting; Scotland’s contract market; HMRC unfairly targeting contractors; and RTI penalties.
Contracting market softens in Scotland, with better prospects in the wider UK market
The contracting market softens in Scotland, in contrast to improving contractor prospects and contract opportunities across the wider UK market.
Employment intermediaries reporting catches limited company contractors, says HMRC
Employment intermediaries legislation reporting requirements includes personal service companies, shows new draft legislation and guidance from HMRC.
ContractorCalculator: Contracting news in brief – 13/Feb/2015
News this week covers: IR35 yield plummets; umbrella expenses; IPSE’s new department; no more PQQs; and HSBC Swiss account holders face SFO probe.
IR35 2013-14 tax yield collapses, pushing HMRC compliance into the red
IR35’s tax yield fell to just £430,000 during 2013/14 driving HMRC’s compliance operation into the red by up to £170,000 and wasting taxpayers’ money.
Contractors can turn the oil and gas sector slump to their advantage, suggests DNV GL
Oil and gas contractors can benefit from the impact of falling oil prices as many clients plan to maintain investment, suggests a report by DNV GL.
IR35 could become irrelevant within months, with new rules taking effect from April
IR35 could become effectively dead within months once the new Employment Intermediaries reporting requirements come into force from April 2015.
Contract market stabilises but skills shortages persist, shows latest Report on Jobs
Contractors are seeing the contract market stabilising, although demand for specialist skills is sustained, says January’s REC/KPMG Report on Jobs.
ContractorCalculator: Contracting news in brief – 6/Feb/2015
News this week covers: Employment intermediaries reporting; Gauke recognises umbrellas; high pay in North West; & HMRC anti-avoidance and penalties.
Contractor Employment Intermediaries reporting still in doubt, despite HMRC response
Contractors are still uncertain about what reporting is required under the Employment Intermediaries legislation despite HMRC’s consultation response.
ContractorCalculator Market Report February 2015
Contractor demand trends continue their upward trajectory, fuelled by election uncertainty & underlying demand increases due to labour market changes.
OTS Employment status review key questions: ContractorCalculator’s response
ContractorCalculator responded to the Office of Tax Simplification’s (OTS) request for responses to key questions for its Employment status review.
ContractorCalculator: Contracting news in brief – 30/Jan/2015
News this week covers: skills shortages; IPSE index; oil and gas opportunities; HMRC five figure fines; and unions attack AWR Swedish Derogation.
IT and engineering contractor opportunities grow as skills shortages worsen
Contractors with scarce IT, engineering and technical skills have an increasing number of contract opportunities, says the latest REC JobsOutlook.
ContractorCalculator: Contracting news in brief – 23/Jan/2015
News this week covers: contracting in Scotland; financial sector growth; late payment conciliation; data protection breaches; and HMRC phishing guide.
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