Plans to add VAT to the wages of temporary social care and charity workers,
locum doctors and financial services staff will lead to a significant fall in
the use of agency staff, according to a new study.
The Recruitment Employers
Confederation has warned that the government has ‘grossly underestimated’
the costs involved.
The measures, which come into effect in April 2009 and scrap the concessions
to agencies providing temporary workers to industries with a zero rate of VAT,
should put £125m a year in the Treasury’s coffers. However, the REC has
estimated the cost to be at least £400m,
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals