WORKING FROM HOME NOT PART OF OMICRON RESTRICTIONS – YET

The identification of a new COVID-19 variant, Omicron, has led to a range of new preventative measures. These include mandatory facemasks in shops and on public transport and changes to border controls. However, working from home is not currently among the steps ordered by the UK Government. ContractorUK says the...

IR35 RULES ‘SPLINTERED’ UK CONTRACTING

A senior recruitment director has called on the UK Government to review IR35 rules to address ‘vast unintended consequences’. Adrian Smith, senior director of operations at Randstad UK, writing for ContractorUK, has given his insight into the impact of the IR35 review which came into force in April. IR35 Rules...

THE PERKS OF A GOOD CREDIT SCORE

We all understand that having a good credit score is important, but it isn’t always clear exactly why. Mortgage broker Contractor Friendly Mortgages, in a new blog, has outlined five of the top benefits of ensuring your credit score is good. Give a Good First Impression You shouldn’t see your...

IR35 IS ‘FORGOTTEN FACTOR’ IN JOB CRISIS

The HGV driver shortage is being fuelled by IR35, as well as the Covid and Brexit, according to a leading contractor news site. Contractor Weekly is reporting that experts have flagged IR35 as an important factor in the driver crisis. Driver Shortage The HGV driver shortage has led to reduced...

TIME TO REVIEW CONTRACTOR PAY RATES?

Many contract workers are asking themselves the same question right now; is it time to review contractor pay rates? Contractor insurance specialist Kingsbridge has written some advice on how contractor pay rates should be approached. Less Money The Kingsbridge blog looks at how to increase contractor pay rates without alienating...

SELF-EMPLOYED REMORTGAGE: IS IT POSSIBLE?

Self-employed mortgage specialist CMME is regularly asked 'can I get a remortgage while self-employed?'. In a new article the company reveals the short answer is yes. CMME highlights there are a few things you should know before approaching a remortgage. These include evidencing your income and the hurdles you might face through the process...

IR35 LEADS TO CONTRACTOR MORTGAGE POLICY CHANGE

Lenders have amended their contractor mortgage policies according to new reports. The changes are attributed to April's IR35 reform in the Contractor Weekly article. New Policy The article says the new policies mean that two banks will offer specialist contractor mortgages to those operating inside the rules. Case-by-Case Contractor Weekly...

HMRC UPDATES OFF-PAYROLL GUIDANCE

HMRC has updated its off-payroll guidance to clarify the situation around IR35 Statement of Work, according to a new article. The ContractorUK piece says the update puts it beyond doubt that SoW are not a ‘silver bullet’ on IR35 which lets contractors and clients ‘off the liability hook.’ Suspicious IR35...

IR35 FOUR MONTHS ON: THE LESSONS

Four months on from the reform of IR35 rules for the private sector, there are important IR35 contractor lessons, according to a new article. Writing for ContractorUK, Kate Cottrell of Bauer & Cottrell Limited, reflects on the impact of the reforms, and what we have learned. IR35 Contractor Lessons In...

GOVERNMENT DEPARTMENT HIT WITH HMRC IR35 FINE

The Home Office is the latest UK Government department to fall foul of HMRC over IR35 assessments, according to the Recruiter website. The news comes shortly after it was confirmed the Department for Work and Pensions had received a tax bill for almost £88 million following incorrect IR35 assessments. Millions...