Pre budget delivers a sensible result for umbrella contractors

Buried amongst the headlines of today’s Pre Budget Report (PBR) came the news that the Government had listened to contractors, compliant umbrella companies, agencies and trade bodies. Under the heading “Helping People Fairly” the Treasury has “…decided to leave the current rules (Tax relief for travel expenses; temporary workers and overarching employment contracts) unchanged.” This is great news for contractors who work for Parasol and means that the risks that contractors take in finding work, travelling and working hard have been recognised.

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Make your voice heard at HM Treasury

As the Pre Budget Report approaches, Parasol are continuing to lobby key figures at HM Treasury as they prepare their response to the consultation on tax relief on travel expenses. If you haven’t already heard about the consultation, the Government is considering the abolition of tax relief on travel and subsistence expenses for umbrella contractors, or enforcing existing arrangements more rigorously through changes to legislation.

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