News

Mar

GDPR Update - Privacy and Electronic Communications Regulations

When can we make marketing calls to businesses? The rules are the same as for calls to individuals. So, you can call any business that has specifically consented to your calls – for example, by ticking an opt-in box. You can also make live calls to any business number that is not registered on the TPS or the CTPS, but only if they haven’t objected to your calls in the past. You should remember that some businesses (sole traders and some partnerships) register with the TPS, and others (companies, some partnerships and government bodies) register with the CTPS. For business- ...

Find Out More
Mar

Privacy Policy Announcment

From 25 May 2018, the new EU General Data Protection Regulation (GDPR) will be coming into effect across all member states. In order to comply with the new requirements of this law, and to ensure that we can best continue to serve you, Impact Contracting Solutions Ltd has updated its Privacy Policy. ...

Find Out More
Feb

Impact Proud to Sponsor Anthony Nolan in the London Marathon

Impact are proud to donate mobile phone chargers to 100 fundraisers that will be taking part in the London Marathon. We wish them every success both on the day and in their fundraising activities.

Find Out More
Jan

Payroll cheats ordered to pay back £3.5m

Aquil Ahmed’s accountancy business, Keepers, ran the payroll for Victor Shearer’s construction services company Leaner Logistics Ltd. Both men were part of a conspiracy that defrauded HMRC of £6.9m in VAT, income tax, National Insurance contributions and construction industry schem ...

Find Out More
Jan

Scaremongering Tactics

We know that now and again companies receive mailers to frighten them or plant a seed of doubt as to how their current supply chain works. General sweeping comments appear to be the norm with very little in the way of exact detail. And as I am sure you will agree, in our sector the devil really is i ...

Find Out More
Jan

General Data Protection Regulations (GDPR)

Impact has engaged professional advisors to carry out a thorough review of all our processes and procedures to ensure we are fully compliant for the implementation date. Where necessary we are updating policy’s, contracts, documents and our website to ensure our compliant operation in regard t ...

Find Out More
Jan

Pension Contributions

This is a little reminder that from April, the pension contributions for employers and employees will increase to 2% and 3% respectively.    

Find Out More
Jan

Gender Pay Gap Reporting

Impacts ‘snapshot’ (the reference date for all required data) date was 5th April 2017. I can confirm that we have less than 250 employees at this time are therefore not required to publish data.

Find Out More
Nov

2017 Budget Summary

Find below a summary of Chancellor Hammonds budget relating to this sector The Personal Allowance will rise from £11,500 to £11,850 from April 2018. The Higher Rate Threshold will increase from £45,001 to £46,350. The Government is committed to raising the Personal Allo ...

Find Out More
Oct

Horror Stories

There has been a number of horror stories in the news this past few weeks One is the new Stephen King movie called ‘IT’. One is The Criminal Finance Act 2017 and the portrayal on Linkedin by some observers that the end of the world is nigh …. because many are involved in tax ...

Find Out More
Sep

Making Tax digital – The Finance Bill

The aim of the initiative is to make tax administration more effective, more efficient and easier for taxpayers, through the implementation of a fully digital tax system. Taxpayers will send in summaries of their income and expenditure at least four times a year. Whilst a pilot scheme started ...

Find Out More
Sep

The Outsource Solution

The clue of course is in the title – if a supplier of labour (or anything else for that matter) can be outsourced that reduces your cost base – of course you would consider moving to that supplier. If that supplier can take advantage of various available reliefs that is for them to consi ...

Find Out More
Sep

Criminal Finance Act

The Criminal Finance Act 2017 arrives in September and will make companies and partnerships criminally liable if they fail to prevent tax evasion by either a member of their staff or an external agent, even where the business was not involved in the act or was unaware of it. For a company/body to ...

Find Out More
Sep

Advanced Gross Payment Scam

You may have seen recent articles in various publications concerning some umbrella companies processing advance gross payments and disguising them as bonus payments in order for the contractor to receive an artificially high take home pay. The bonus is not taxed at source and the contractor is not t ...

Find Out More
Sep

GAAR

Earlier this month The General Anti-Abuse Rule (GAAR) advisory panel has ruled that it is not a reasonable course of action for organisations to reward their employees using gold bullion in order to avoid remuneration-associated tax payments. The GAAR advisory panel, which is an independent body ...

Find Out More
Sep

GPDR - What is the GDPR?

The General Data Protection Regulation (GDPR) will bring data protection law up-to date to reflect society’s behaviours and values, including the use of social media and other online services. It requires each organisation to have regard to the ‘state-of-the-art’ when ensuring it i ...

Find Out More
Mar

IR 35 - It's not going away!

HMRC have, for a number of years been concerned about the increase in workers treating themselves as limited company owners even though they have working for the same client on a regular basis, so they introduced the IR35 legislation to increase the public purse. The IR35 legislation has recent ...

Find Out More
Jan

January Update

Impact Contracting Solutions are now into their second year of business and the start of 2017 is already going extremely well for us, and we thank our clients and contractors for putting your trust in us. There are a couple of things that we have seen over the last few months whilst out visiting ...

Find Out More
Sep

Is it really a year ago today?!

 A year ago, on an early autumn morning, I was handed the keys to our offices that made it physically real: I had founded a company – Impact Contracting Solutions. A company that, in many ways, was just an extension of the experiences and job roles I have taken during the previous 8 yea ...

Find Out More
Mar

Budget 2016

Final Legislation: We are still awaiting the final version of the Finance Bill and this will be sent to you as soon as it is published, but it could be another week before it is published. There are no changes to what I have already advised agencies and it is confirmed that salary sacrifice and ...

Find Out More
Mar

No Real Shockers

No real shockers provided in the Red Book except that from April 2017 we will see public sector bodies & recruitment agencies become responsible for determining if IR35 applies to PSCs in public sector. For those that haven't looked at the Red Book, the changes to Intermediaries: 2.37 ...

Find Out More
Mar

Decisions, Decision

Ahead of the Budget and the legislation being published in its final draft today, there is a lot for Agencies and Umbrella's to consider ... We have met with a great deal of agencies since 5th January and it is surprising to learn that the majority of them had negative feedback about their cu ...

Find Out More
Mar

It's BIG and its coming..............

SOMETHING BIG IS COMING, IT’LL MAKE AN IMPACT ON THE INDUSTRY AND IT’S JUST AROUND THE CORNER…….. APRIL!   Harry Grierson and Gail Corrigan, Directors of Impact Contracting Solutions Ltd have travelled the length and breadth of the country over the last few months. O ...

Find Out More
Feb

Post April Changes

  With 6th April only 8 weeks away and final legislation still not published, we are sure that you are wondering what you will do to move forward with your contractors post April?   We are not yet in receipt of final legislation from the Revenue, and rumours are that the Revenue will ...

Find Out More
Dec

2016 Finance Bill Published

I am sure you are well aware that the Finance Bill published yesterday has brought changes to the current legislation and we wanted to provide you with some information for consideration over the Christmas/New Year period.   Impact shall be looking over the document in detail to ascertain wha ...

Find Out More
Dec

Breaking News for those nervously awaiting details on the Governments 2016 Finance Bill!

 

Find Out More
Dec

Do you have any hidden employee's?

Impact would like to advise/remind you that HMRC is currently consulting on the effectiveness of legislation designed to catch disguised employment, known as IR35. It is seeking views in order to "better understand the issues and explore options for reform"; with one of the suggestions ...

Find Out More
Nov

Autumn Statement

Following on from today’s Autumn Statement there were no surprises that there was no definitive detail given about T&S schemes. It appears that HMRC still intend to restrict Tax relief for individuals who supply their services through an intermediary from April 2016.  However, they ha ...

Find Out More
Nov

Impact Joins the FCSA!

Impact Contracting Solutions is proud and delighted to announce that we are now an associate member of the Freelancer & Contractor Services Association (FCSA). It is our opinion that compliance and transparency are the essential ingredients to operate in the Intermediary Sector.  We are ...

Find Out More
Nov

Government Leak on PSC's

An interesting article from the Contractor UK website that reports on a government leak surrounding IR35 and PSC'S. http://www.contractoruk.com/news/0012310leaked_ir35_plan_hit_psc_contractors_confirmed.html?utm_source=NL&utm_medium=News&utm_campaign=PSCLeak

Find Out More
Nov

What can we do ahead of the Autumn Statement?

We anticipate that the chancellor is likely to indicate the outcome of the Government proposals that were published in the consultation document; “Employment Intermediaries and Tax Relief for Travel and Subsistence” when he delivers his Autumn Statement on Wednesday 25th November. Whi ...

Find Out More
Nov

Lords Support for the Umbrella Industry

Interesting Link from Aspire Business Partnership to comments made by Lord Palmer in the House of Lords. http://www.aspirepartnership.co.uk/news.aspx?id=19&hid=19

Find Out More
Nov

Autumn Statement is only a couple of weeks away ....

I am finding that there are a number of Recruitment Agencies in the sector worrying about the release of the Autumn Statement in November, and their worries are surrounding the possibility of the transfer of debt!  Those companies utilising an umbrella with rather ….relaxed processes sho ...

Find Out More
Nov

Impact Supports Prism Yes2T&S

In April 2016 the Government intends to introduce legislation to prevent agency workers/contractors being able to claim Travel and Subsistence expenses in the performance of their duties. This will have serious repercussions on the labour market including shortages of contractors and higher costs th ...

Find Out More
Oct

What does an Armourer, a Technical Author and an Umbrella Company have in common?

Answer – they all make an Impact in their own right!   If you didn’t know, Armourers are some of the unspoken heroes of the RAF. Able to turn their hand to any weapon system on the battlefield, armourers have to be able to fault find and fix in all weather conditions, at any time ...

Find Out More

https://t.co/kJbUTDSjQu https://t.co/hHTcYLXttn

https://t.co/VbrTFvtyvk

Excellent car leasing once again from Mark Beach - thanks tons ☺️ #carleasing