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Businesses operating in the gig economy may not be able to go on avoiding PAYE and payroll tax

09.03.2017

The emergence of the gig economy, where individuals do stints of work or “gigs” on the basis that they are “self-employed” and responsible for their own tax and NI is an attractive business model because it offers flexibility to both the “gig-or” and the “gig-ee”, but it also means that the gig-or is not subject to PAYE or liable to pay 13.8% class I NICs, the “payroll tax”. This is a significant benefit over the traditional model of a business employing people.

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What it means for the UK if we had to revert to WTO rules?

07.03.2017

But what does reverting to WTO rules mean? It is spoken of as if this is an easy default position that we can adopt without any problem. This is not the case.

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Brexit could cost exporters 6 billion a year in higher duties says The Guardian

06.03.2017

If we do not reach an FTA with the EU there is likely to be significant uncertainty and disruption to trade whilst we agree WTO schedules and even then exporting businesses are likely to find that cross-border trade with the EU becomes more difficult and expensive. The Guardian newspaper has said that its analysis is that it would cost exporters an extra 6 billion a year in higher duties (The Guardian 01.03.17).

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