In a surprising yet welcomed announcement, Chancellor Kwasi Kwarteng has pledged to simplify IR35 rules for contractors in the UK. From April 2023, off-payroll working rules introduced in 2017 and 2021 will be scrapped, and workers will again be responsible for deciding their employment status.
Chancellor Kwasi Kwarteng delivered his mini-budget today (the 23rd of September 2022). Continue reading to discover the main announcements made during the fiscal statement regarding the government’s economic plan to drive down inflation and cut taxes to encourage growth.
Chancellor Kwasi Kwarteng has announced today (22nd September 2022) that the 1.25% increase to National Insurance will be reversed from the 6th November. Continue reading to discover how this will affect businesses and taxpayers.
The difference between a contractor’s assignment rate and gross rate of pay is an area that often causes a lot of confusion – especially if you are new to contracting. Continue reading to discover the difference and why the two pay rates are displayed on your payslip.
