The demand for IT contractors last month registered a 32-month high, reaching a reading of 64.1, according to the Recruitment & Employment Confederation (REC). The last record was a reading of 65.0 in March 2011. According to Computer People, the rise is a result of end-clients requiring their IT contractors to work at full steam through December, reversing seasonal trends. This is something that is seen to continue into 2014, as well, prompted by resurfacing economic confidence that has led to increased demand on employers of IT contractors.
As the festive season approaches, doing your accounts will probably be the last thing on your mind. However as a freelancer, it’ll be important you continue to service your client contracts if you don’t have time booked off in advance.
The Autumn Statement was the most optimistic one that the Chancellor has made so far following several years of news about the deficit and the poor performing economy, but there were however still some more painful measures introduced. Here’s the main points which will impact you.
HM Revenue and Customs (HMRC) needs 3,000 inspectors for a taskforce to perform about 20,000 investigations per year, examining contractors using personal service companies (PSCs) in relation to IR35, according to Jason Piper of the Association of Chartered Certified Accountants (ACCA).