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Contractor Industry News

Top 10 CV buzzwords revealed

Posted on 3rd September 2018

A new report has revealed the top 10 CV buzzwords that are commonly used to highlight the most frequent job-hunting clichés seen by prospective employers.

The data, compiled by job search engine Adzuna, analysed over 1.1 million UK CV’s looking at the most common buzzwords used and the number of times these words or phrases have been used in total.

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FCSA welcomes official HMRC umbrella guidance, but argues it needs more work

Posted on 31st August 2018

Although the FCSA very much welcomes the government’s latest guidance on engaging with umbrella firms, there are still concerns that it does not go far enough with regards to explaining what a compliant umbrella looks like.

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Gender specific rules in the workplace revealed

Posted on 29th August 2018

A new survey has shown interesting results regarding gender specific rules in UK workplaces – with men being the most likely to be scrutinised for their appearance in an office environment.

The recent data, compiled by CV-Library, found that one in four (22.5%) employees have to adhere to gender specific rules at work – this is despite over half (56.2%) agreeing that these rules are sexist.

Surprisingly, many of the rules discussed by respondents were aimed at the appearance of male employees.

The most common gender specific rules included:

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Construction sector sees boost in job creation

Posted on 27th August 2018

Recent findings have shown a robust and accelerated rise in construction activity during the last month.

The latest IHS Markit/CIPS UK Construction Purchasing Managers’ Index revealed that UK construction companies achieved a stronger expansion of business activity levels during July, underpinned by the fastest increase in residential work for just over two-and-a-half years. 

It also indicated that new business growth gained momentum, which contributed to the largest rise in employment numbers since December 2015. 

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Self-employment remains stable, but IPSE warns of pressures

Posted on 24th August 2018

Latest findings have revealed that although self-employment has slightly fallen, the sector still remains broadly stable.

With labour statistics showing that the total number of self-employed workers in the UK has seen a slight decrease – by 38,000 to 4.77 million – the headline figure of 4.8 million remains steady.

However, the Association of Independent Professionals and the Self-Employed (IPSE) is warning of downward pressure and threats facing the sector.

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FCSA responds to Unite’s attack on umbrella employers

Posted on 20th August 2018

The Freelancer & Contractor Services Association (FCSA) has said that it is disappointed with Unite’s latest attack on both the government and umbrella employers.

Unite’s assistant general secretary Gail Cartmail has called for umbrella companies to be outlawed, accusing the government of washing its hands of workers who it believes are ‘experiencing the misery of being paid by an umbrella company’.

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IPSE warns government against IR35 changes

Posted on 17th August 2018

The IPSE has warned against IR35 changes in response to the government’s ‘Off-payroll working in the private sector’ consultation.

In the aforementioned consultation, the government considered the extension of the reform to IR35 tax law from the public sector to the private sector.

In its response, the Association of Independent Professionals and the Self-Employed (IPSE) warned that pushing the change out into the private sector would:

- Heap a greater administrative burden onto UK businesses

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HMRC launch new tax info videos for students

Posted on 15th August 2018

In order to help prepare teenagers for working life, two new educational videos have been released as part of HMRC’s Tax Facts programme.

The new videos include: ‘Your National Insurance Number and Personal Tax Account’ and ‘Introduction to the Construction Industry Scheme’, with the programme being used to support teachers in helping their students to both learn and understand tax.

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IPSE responds to interest rate rise

Posted on 13th August 2018

The Bank of England has made the decision to raise interest rates for the second time in 11 years.

The Monetary Policy Committee (MPC) voted unanimously to raise the rate by quarter of a per cent to 0.75%.

The Association of Independent Professionals and the Self-Employed (IPSE) have responded to this latest news, saying that this decision will result in a ‘mixed bag’ for the self-employed.

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HMRC urges taxpayers to declare offshore assets before it’s too late

Posted on 10th August 2018

HMRC warns that taxpayers could face penalties if they fail to declare their income on foreign assets before the ‘Requirement to Correct’ legislation comes into force.

This new legislation, which starts from 30th September, requires UK taxpayers to notify HMRC about any offshore tax liabilities relating to UK income tax, capital gains tax, or inheritance tax.

However, some UK taxpayers may not realise they have a requirement to declare their overseas financial interests. 

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