Another Day, Another Change: what are the implications of VAT on temps wages?14/03/08Another Day, Another Change: what are the implications of VAT on temps wages?
The news that banks, healthcare organisations and charities have lost a VAT concession on temporary workers, delivered in Alistair Darling’s first Budget, is unlikely to make the headlines. But employment industry sources suggest £100m will be added to temporary recruitment bills as a result. I can understand the Treasury’s need to raise more cash, but what about the implications ? Paying VAT on temps wages is going to increase the cost of using temps, and this cost cannot be reclaimed. Organisations need temps when workloads spike, or when specialists are too expensive for the permanent payroll. HR departments in banks, hospitals and charities will now be under pressure to cut costs even more. Who’s going to do the work if there are fewer hands to do it? Comments, Pingbacks:No Comments/Pingbacks for this post yet... Leave a comment:
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BLT Management Consultancy Blog, HR Blog Tax BlogBeament Leslie Thomas are leading UK specialist recruiters in the areas of Management Consultancy, Direct and Indirect Tax, Company Secretarial and Human Resources. Our blogs are an opportunity to engage with you about about Management Consultancy, Human Resources, Taxation, Company Secretarial and Recruitment as a whole. Perhaps you're an employer wanting to understand what makes us different, or a candidate wanting the low down from people who genuinely understand the market. Choose a category below and get involved - a BLT Hamper to the most deserving contributor every month...
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