National Insurance tax Hit for Gig Economy Firms

12 Jul

One department is likely to be cheering the publication of the Mathew Taylor review into the new world of work.

The Treasury will be delighted with the recommendations from Mr Taylor, the head of the Royal Society of Arts, on gig economy companies.

He is recommending that firms which have a "controlling and supervisory" relationship with their workers would have to pay a full range of benefits.

That also includes millions of pounds in national insurance contributions.

In an interview with the BBC, Mr Taylor - head of the government's review into modern employment practices - said that such people were not self-employed as many gig firms insist.

Read the full BBC Article here: