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Posted on: 24 February 2010
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The pay as you earn (PAYE) scheme could be scrapped if the Conservatives are elected, according to new proposals.
Instead, a new automated bank-based system would be introduced which would remove the need for employers to deduct and pay income tax. Currently employers have to calculate the ...Read more |
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Posted on: 18 February 2010
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HM Revenue & Customs (HMRC) has pledged to PAYE umbrella company contractors that the number of tax coding issues will be reduced in the future.
In an update informing affected parties of its ongoing work to rectify the problem and investigate why it occurred, the organisation said that...Read more |
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Posted on: 17 February 2010
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The government has been urged to cut red tape and tax increases relating to employing new staff.
Director of research at the Recruitment and Employment Confederation (REC) Roger Tweedy said that Whitehall officials should remove any barriers which could be standing in the way of increased b...Read more |
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Posted on: 16 February 2010
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Contractors and small businesses are facing confusion ahead of the deadline for submitting employer annual returns (EARs).
According to the Telegraph, HM Revenue & Customs (HMRC) has insisted that all firms with between five and 50 employees must submit their EARs online by May 19th 201...Read more |
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Posted on: 15 February 2010
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Contractors need guidance on establishing themselves as recognised self-employed workers ahead of the implementation of the agency workers directive (AWD).
This is the view of the Recruitment and Employment Confederation (REC), which has drawn up a shortlist of issues that it says need clar...Read more |
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Posted on: 11 February 2010
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Contractors and small businesses have been reminded that they must file their employer annual returns online later this year.
In a change to the PAYE system, firms with less than 50 employees will no longer be able to file paper applications and those who attempt to submit their forms in th...Read more |
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Posted on: 10 February 2010
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A group representing contractor accountants has welcomed the recent formal definition of a professional contractor.
The description, which was formulated by Professional Passport (PP), could lead to people who view contracting as a career choice rather than a temporary measure being made ex...Read more |
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Posted on: 09 February 2010
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PAYE umbrella company contractors have been warned of further problems with HM Revenue & Customs' (HMRC's) computer system.
The issues could lead to millions of people paying more tax than they should when the new tax year arrives in April.
As has previously been reported, the ...Read more |
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Posted on: 26 January 2010
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Umbrella company contractors have been told to check their tax code to avoid the potential risk of losing out on hundreds of pounds of wages over the coming months.
HM Revenue & Customs (HMRC) has issued around double the number of tax coding notices over the current tax year than it di...Read more |