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HMRC
HMRC Halts Helpline Cuts After Public Backlash
HM Revenue & Customs (HMRC) announced a U-turn on its plans to restrict access to phone helplines, following criticism from taxpayers and businesses.
The initial plan involved closing the Self Assessment, VAT and PAYE helplines for…
IR35: freelancers and contractors face deadline to reclaim thousands in overpaid taxes
Time is running out for freelancers and contractors to claim back potentially thousands of pounds in overpaid taxes under IR35 rules
The deadline for submitting an overpayment relief claim is April 5th, 2024. This applies to anyone who…
“Very thin gruel for SMEs”: self-employed respond to UK Spring Budget
April 2024 Budget key points: what do the self-employed think?
"Very thin gruel for SMEs," that's how Daniel Wiltshire, an actuary and IFA at Wiltshire Wealth, describes Jeremy Hunt's offering in the Spring Budget.
"It's as if the…
Enjoy the “tax cuts” while they last warns think tank
While voters in Great Britain may be cheering the prospect of pre-election tax cuts, a new report by the Resolution Foundation indicates the celebrations could be short-lived. Find out how you could be affected
A statement from the UK…
IFS: UK tax system needs an overhaul: is it time for another song about the taxman?
The UK's tax system is riddled with inefficiencies and unfairness, according to a new report by the Institute for Fiscal Studies (IFS), but tight public finances are making much-needed reforms difficult to implement. No political party…
10 end-of-tax year strategies to cut your tax bill
Millions of Britons are caught in a high-tax trap, squeezed by outdated thresholds and rising incomes. The higher rate tax threshold, frozen since 2021, will continue to lag behind wages until 2028, leaving more and more people dragged…
Assignment rate unravelled: questions to ask before you accept an off-payroll job
SPECIAL REPORT
If you are starting your contracting journey in 2024 or deciding to take an off-payroll job especially one that the recruitment agency insists you work via an umbrella company, then there are some crucial things you need…
Second-hand sellers in a tax tizzy over side hustle tax (when they probably don’t need to be)
The world of pre-loved fashion is abuzz with worry about the looming "side hustle tax" on platforms like Depop, eBay, and Vinted. This new HMRC regulation has sellers in a frenzy, wondering if their passion project will be hit with a tax…
25 Reasons why HMRC could use AI for umbrella company background checks
Automating background checks to weed out tax-avoiding umbrella companies could save HMRC time and resources compared to manual investigations. It could also save thousands of freelancers financial heartbreak. Here we share 25 reasons why…
Latest changes to Making Tax Digital
The government originally planned to mandate MTD for ITSA starting in April 2024, but has since delayed the mandate to April 2026. More changes could still be on the cards
Making Tax Digital for Income Tax Self-Assessment (MTD for…