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info@commonwealthcontractors.comWhat is the Agency Workers Directive? The Agency Workers Directive is a piece of legislation designed to protect the rights of low paid agency workers. Designed by the European Community, the legislation gives agency workers the same pay, terms and conditions of employment, maternity / paternity benefits as workers who are permanent employees of a […]
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Key Figures from the Powerchex report: IT contractor employment offers increased by 320% from May to June Investment bank recruitment increased by 45% from May to June Total industry offers rose 52% for the month compared to the same period in 2009 Stockbroker offers were down 12% on the previous month Insurance offers were down […]
The news will be of no comfort to highly skilled IT Contractors who are presently enjoying the return of well paying contracts following the economic downturn. The recession caused many businesses to reassess their IT needs, with many deferring projects until a later date or cancelling them altogether. News of tougher times will undoubtedly prompt […]
A senor member of the Office of Budget Responsibility, Geoffrey Dicks, told the Treasury select committee that spending cuts will hurt growth and increase the chances of a double-dip recession occurring. He said that the OBR had taken 0.5% off GDP and the near term outlook for GDP was not as good as it was […]
The Deputy Prime Minister, Nick Clegg, said that “This site gives you the chance to tell us which laws and regulations you think we should get rid of. Your feedback will inform government policy and some of your proposals could end up making it into bills we bring before Parliament to change the law. We\’ve […]
The President of the British Chamber of Commerce, Neville Reyner, called for the Government to postpone the increase in National Insurance Contributions, additional Paternity Leave legislation and the Agency Workers Directive until 2014. He believes that the Government should look again at some of the legislation and used a phased approach to bring in the […]
The Coalition Government has issued an online invitation to the public to nominate the unnecessary laws and regulations they would like to see scrapped. High on any Contractors list will no doubt be the scrapping of Intermediaries Legislation, otherwise known as IR35. In a statement Nick Clegg said \”Too many of the business and voluntary […]
IR35 Review As expected IR35 (otherwise known as Intermediaries Legislation) will be reviewed as part of a wider review of small business taxation. Prior the formation of the Coalition Government the Conservatives announced plans to review the legislation in a letter to the Professional Contractors Group (PCG). Details are expected to be released in the […]
British Retail Consortium Warning Back in May the British Retail Consortium (BRC) warned that a hike in the VAT rate to 20% would cost ‘163,000 jobs over four years and reduce consumer spending by £3.6 Billion’. In a report carried out for the BRC by the Centre for Economics and Business Research (CEBR) the organisation […]
There has been much speculation about the abolition of IR35 since the Queens Speech which included plans to remove barriers to flexible working, promote equal pay and make the taxation system fairer and simpler. The announcement followed the Conservatives letter to the Professional Contractors Group (PCG) on IR35 prior to the General Election and the […]