Latest Contractor News
Keep up to date with all the latest contractor news. We have written everything in plain English, so there’s no need to go to the overly complex HMRC website to learn about any tax and accountancy related updates.
Contractors’ earnings see a significant drop due to pandemic
IPSE: ‘Freelancers have generally remained more resilient and agile compared to other sectors – and their earnings and confidence in their businesses have generally remained much stronger than their confidence in the economy’.
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Record number of new jobs advertised since lockdown
REC: ‘With cases on the rise again, and changes to work from home advice, we may see further changes in demand in the months to come’.
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Number of vacancies on the up, with the capital seeing biggest rise
London continues to dominate UK vacancies, with 15% of all jobs advertised hosted in the capital – a 20% increase week-on-week.
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SEISS announcement ‘woefully inadequate’, says IPSE
IPSE: ‘Although it is right for the Chancellor to extend SEISS, the support announced today still excludes one in three self-employed people’.
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Self-employment numbers continue to fall
IPSE: ‘The self-employed are vital for economic recovery, but huge swathes of the sector have been undermined and left behind’.
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Number of self-employed struggling with mental health on the rise
IPSE: ‘One of the most practical things government can do is help stave off the financial worries of freelancers and the self-employed, since this sector has been hit harder than most by lockdown and the pandemic’.
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Temporary billings return to growth
REC: ‘Temporary work is critical in any recovery - businesses turn to temps to help them ramp up and meet demand while the future looks uncertain’.
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IR35 private sector delay encouraging employers to ‘get it right this time’
Kingsbridge Group: ‘It is important to remember that even when using HMRC’s own statistics, the vast majority of PSC contractors are, and will remain, genuinely self-employed and therefore “outside” IR35 following the planned reforms’.
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