HMRC has been condemned for abusing its powers after evidence has come to light that the taxman has been sending misleading letters to contractors in an attempt to increase the Off-Payroll legislation’s tax yield. The letter, which is entitled: ‘About using a Personal Service Company (PSC) in the public sector – you need to check your employment status’, begins by
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Under pressure to raise tax revenues, the chancellor introduced IR35 reform in the public sector last year, in what many considered the pilot project for the recently announced private sector changes. Now, with all public sector engagers in charge of setting a contractor’s IR35 status and also liable for any mistakes should HMRC investigate, thousands of contractors have been placed
Continue readingWork has started on 115 towers, also a record. Two of Europe’s tallest residential towers in Canary Wharf are expected to be completed by 2020, but the Shard is expected to remain the tallest building in western Europe, at 310m. London’s tallest towers 310m The Shard 290m 1 Undershaft (the Trellis) (planned) 278m 22 Bishopsgate (under construction) 263m The Diamond
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Construction output in the United Kingdom grew 2.2 percent year-on-year in June 2018, compared to a downwardly revised 1.5 percent gain in May and beating market expectations of a 1.1 percent rise. It was the strongest growth in construction activity since December, as output increased faster for all repair and maintenance (3.1 percent vs 3.0 percent in May), mainly due
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