9am Lowdown: HMRC staff protest, Deloitte & IR35

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Good morning and welcome to Tuesday’s lowdown. Let’s see what’s shaping this morning’s news.

In the news

HMRC staff members are today staging protest demonstrations over the continuation of the government’s 1% cap on public sector pay rises. (Civil Service World)

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Tesco has become the first UK supermarket to cover the cost of the tampon tax for customers, after it cut the price of nearly 100 women’s sanitary products by 5%. (The Guardian)

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Deloitte has resumed bidding for Government consultancy contracts after being placed in the deep freeze by Theresa May over a leaked memo criticising ministers' Brexit plans. (Sky News)

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Philip Hammond is planning to use his budget statement this fall to say it may be another 10 years before Britain’s public finances are balanced. (Bloomberg)

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Contractors working in the public sector are losing up to 30% of their income as new IR35 tax rules, effective from April, bed in. (Telegraph)

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New on AccountingWEB

Whether employing a school leaver or a new partner, taking on new members of staff represents a significant commitment in terms of both cash and time. If you get it wrong, the costs instantly multiply, compounded by inevitable frustration, writes Philip Fisher.

Valme Claro explains how building detailed profiles of your best clients can be the first step to finding more of them.

The Any Answers question of the day comes from Tom123 who is looking for a reminder of the key methods to value a prospective acquisition.

Meanwhile, First Corporate Law Services summarise on its Industry Update page the key considerations you should review when making a software package choice.

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