LB Group
Professional, Proactive, Partner-led advice
IPSWICH
01473 359720
COLCHESTER
01206 867551
CHELMSFORD
01245 254780
LONDON
0208 221 8282

Professional, Proactive,
Partner-led advice

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LONDON: 0208 221 8282
CHELMSFORD: 01245 254780
COLCHESTER: 01206 867551
IPSWICH: 01473 359720

Email: info@lbgroupltd.com

WORKING IN THE GIG ECONOMY

WORKING IN THE GIG ECONOMY

The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the welfare state but reduce the tax contributions needed to sustain it.

This follows the “Matthew Taylor” inquiry which took evidence during February and March 2017 from witnesses including representatives of companies such as Uber, Amazon, Hermes and Deliveroo. Most of the people working for such organisations were not on the payroll and have limited workers rights and are paid for each delivery or “gig”. The Committee recommended a default assumption of “worker” status, rather than “self-employed”, and said that the incoming Government should set out a roadmap for equalising the NICs paid by employees and the self-employed.

Mr Taylor was also asked to produce a report on the status of such workers and suggested that a new category of “dependent contractor” should be established, but the report did not conclude on how such a worker should be taxed.

WORKING IN THE GIG ECONOMY

WORKING IN THE GIG ECONOMY

LB Group Chartered Accountants are a top 75 Firm in the UK of Accountants providing Audit, Tax and Advisory Services across a variety of industries.

With offices in London, Chelmsford, Colchester and Ipswich our partner led approach with fixed fee options provides a professional and proactive service to both business and personal clients.

Our mission is to be a leading financial and business services provider offering the upmost level of customer satisfaction to our entire client base. We will offer a forward thinking and proactive accountancy, tax and business service, providing practical solutions for our clients’ individual needs.

We will encourage a culture of professional and personal development amongst our people.

Company Values

At LB Group, we are passionate and committed to providing excellent customer service for each and every client. Our organisation is built on strong relationships with our customers and business associates.

We have a central philosophy of core values. These values are how we believe our customers, employees, and business associates should be treated at all times. Click to find out more.

LB Group Limited registered in England © 2017 Company Number: 2796741. Associate Directors are not statutory directors of the firm.

Chubb Insurance Company of Europe S. E, Policy Number: 82182733E. Limit of Indemnity £4 million on any one claim.