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Contractor Industry News

Final self-assessment registration date looming for first timers

Posted on 1st October 2018

HM Revenue & Customs (HMRC) is reminding people that time is running out for registering for self-assessment.

October 5th is the last date for anyone registering self-assessment for the first time – including High Income Child Benefit Charge customers – it will need to be filled in by this date so that they can complete their self-assessment return by January 31st

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UK employment rate remains at a near record high

Posted on 28th September 2018

Recent findings have revealed that Britain’s unemployment rate has not been lower since the mid-1970s, falling to 4.0%.

According to the official figures released by the Office for National Statistics, there are now 1.15 million fewer unemployed people since 2010.

Interestingly, the figures show that older workers continue to find work, as the number of those aged 50+ is at a record high of 10.25 million and the female employment rate also remains at a near record high at 71%.

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Industry experts respond to Labour’s gig-economy plans

Posted on 26th September 2018

Shadow Chancellor John McDonnell has made the announcement for plans to put a ‘complete stop to exploitation in the workplace’ by extending rights to gig-economy workers.

The Association of Independent Professionals and the Self-Employed (IPSE) have said that the Labour Party’s proposal will ‘strangle innovation at birth’ and make it harder for people to find work that will fit around their lifestyle.

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Brits have more confidence in own finances than UK economy

Posted on 24th September 2018

Where Brits lack economy confidence, they more than make up for it with regards to their own finances.

The recent Lloyds Bank Spending Power Report revealed that whilst just two in five (40%) have confidence in the UK’s finances, a clear majority (66%) feel their own finances are in order.

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Construction pay rates more than double over four years

Posted on 21st September 2018

Professionals working within the construction sector will be pleased to learn that latest findings have shown a rise in rates of pay due to skills shortages.

Data from software and service supplier, Engage Technology Partners has revealed that some roles have seen hourly rates more than double in the last four years.

Crawler Crane Operators have noted the greatest increase in rates (82%) between 2015 – 2018, with much of this demand thought to have come from the Crossrail project.

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Steep rise in contractor vacancies and rates of pay

Posted on 17th September 2018

Contractors will be pleased to learn that latest findings have revealed positive news for the self-employed sector. 

The IHS Markit/REC Report on Jobs for August shows that temp billings increased at a sharp rate, however, it was the softest recorded since October 2016.

A steep rise in demand was also recorded, as well as rates of pay – despite the rate of inflation softening from the previous month.

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FCSA propose new IR35 plans following 2017 reform ‘shambles’

Posted on 14th September 2018

With the government’s recent Off-Payroll private sector consultation, the FCSA has proposed a new innovative solution designed to increase IR35 compliance in a fair and transparent way.

The Enhanced Reporting and Enforcement solution will allow Personal Service Companies (PSCs) to retain responsibility for their IR35 status, as they currently do, albeit with an obligation of reasonable care.  

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HMRC loses tribunal after getting football referees’ employment status wrong

Posted on 12th September 2018

A recent case has found HMRC to have mistakenly treated a group of professional football referees as employees, instead of contractors.

As a result of this, the Association of Independent Professionals and the Self-Employed (IPSE) have called on the government to write into statute, a positive definition of self-employment.

The Employment tribunal had the Professional Game Match Officials Limited (PGMOL) successfully argue that a group of referees – some of whom officiated in the Premier League, Championship and FA Cup – should’ve been classed as self-employed.

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National Freelancers Day nominated for top award

Posted on 10th September 2018

The IPSE’s flagship annual event celebrating the UK’s self-employed sector has been shortlisted for the best all-round event experience at the 2018 EventLAB Awards.

With over 400 attendees, 40 speakers, five streams and 11 sponsors, this year’s 10thNational Freelancers Day was the biggest and best to date.

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Employers’ hiring up despite economy confidence dipping

Posted on 7th September 2018

Latest data has revealed that employers’ confidence in the prospects for the UK economy turned negative this month for the first time since April.

However, despite these findings from the Recruitment and Employment Confederation’s (REC) latest JobsOutlook report, employers’ confidence in making hiring and investment decisions remained positive.

The proportion of hirers who use contract/temp agency workers highlighting plans to increase their numbers in the short-term (35%) and medium term (35%) at least doubled year-on-year.

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