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Contractor Industry News

APSCo respond to Office of Tax Simplification recommendations

Posted on 6th August 2018

The recent Office of Tax Simplification discussion paper suggests that the government should compel gig economy platforms such as Uber and Deliveroo, to offer to deduct tax from earnings and transfer it to HMRC.

The Association of Professional Staffing Companies (APSCo) has responded to this latest news.

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Experience might be more valuable than a degree, finds report

Posted on 3rd August 2018

With over half (53%) of graduates admitting that their current job is not related to their chosen subject, over a third confess to having regrets about their degree.

UK professionals were questioned by CV-Library about how they feel about degrees and just how valuable they are in the working world.

Interestingly, the majority said they believe experience trumps a degree when it comes to landing a job.

When asked why experience is so vital, they answered:

- It gives you experience in a professional workplace (50.4%)

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Many parents choose self-employment because of ‘out-of-date’ school hours

Posted on 1st August 2018

According to latest figures, many parents take on the self-employment route in order to fit work around school hours.

The Good Life Report, compiled by AXA Business Insurance, identified ‘the school runner’ contractor and business as being a rising force in Britain’s boom in self-employment.

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Government must focus on construction contractors, says IPSE

Posted on 30th July 2018

Although the government’s new ‘Bytes and Mortar’ construction deal is very much welcomed, the IPSE has said that this must be combined with a greater support for contractors working in the industry.

The £420 million joint Government-industry deal aims to transform construction by investing in new technologies to increase productivity and build homes faster. It is part of the Government’s ambition to build 1.5 million new homes by 2022.

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Contractor rates of pay rise sharply

Posted on 27th July 2018

Contractors will be pleased to learn that a recent report has revealed positive news for the self-employed sector.

The IHS Markit / Recruitment and Employment Confederation’s (REC) Report on Jobs shows that contract/temp billings continued to rise sharply in June, however availability declined at a significant rate.

Vacancies grew at a slow, yet strong scale and rates of pay rose sharply, with the level of growth broadly similar to April’s two-year peak.

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UK automotive sector investment to create 500 new jobs

Posted on 23rd July 2018

Contractors working within the automotive sector will be interested to learn that a £130 million international investment will lead to four new plants across the country.

Investment Minister Graham Stuart welcomed the news of the £130 million Foreign Direct Investment into the UK automotive sector, creating nearly 500 jobs.

The news comes following a report from EY which found that the UK remains the number one destination for FDI in Europe in 2017 to 2018.

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FCSA give contractor advice following The Times tax avoidance schemes article

Posted on 20th July 2018

The Times has recently released an article warning contractors who engage with tax avoidance schemes, that they will be hit with an enormous tax bill due to HMRC’s looming controversial loan charge. 

Contractors who are involved in such disguised remuneration schemes have until 30thSeptember 2018 to contact HMRC to seek a settlement, or face very significant financial penalties.     

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Top 10 most desirable job roles in the UK

Posted on 18th July 2018

As many as 54.5% of the nation’s professionals are unhappy in their current role, with a further 41.5% saying that they’re not working in their desired field.

The report, carried out by CV-Library, surveyed 1,100 UK workers asking them to vote for the job they would most like to do if there were no restrictions, such as qualifications and experience.

The results were as follows

1.   Teacher (18.3%)

2.   Designer (17.1%)

3.   Office Manager (16.8%)

4.   IT Technician (15%)

5.   Accountant (12.8%)

6.   Athlete (12.5%)

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Construction job creation at one year high

Posted on 16th July 2018

Positive news for those working in the construction sector, as output growth reaches a seven-month high in June.

The latest IHS Markit / CIPS UK Construction Purchasing Mangers’ Index (PMI) shows a solid expansion of overall construction activity, underpinned by greater residential work and a faster upturn in commercial building. 

There were also positive signs regarding the near-term outlook for growth, as signalled by the strongest rise in new orders since May 2017 and the largest upturn in input buying for two-and-a-half years.

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Female IT contractor numbers surge

Posted on 13th July 2018

A recent report has revealed that there has been a significant rise in the number of female IT professionals joining the contracting sector.

Using data obtained from National Statistics, the Nixon Williams report shows that the number of female IT contractors rose by 24.6% between 2016 and 2017 – from 16,568 to 20,648 – a record high.

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