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HMRC
Join the June self-assessment challenge
In 2020, some 700,000 taxpayers left it to the very last day to file their self-assessment – with a nail-biting 26,562 taxpayers leaving it to the last hour, Crunch reported.
Preparing your self-assessment in June could help…
How to spot a scam HMRC message and what to do if you get one
No rest for the wicked. HMRC scammers are working 24/7. With the latest SEISS applications now open, the HMRC has had to alert taxpayers, especially the self-employed, to look out for a host of scams being beamed across text and WhatsApp…
New tax payment scheme for UK self-employed could freak out freelancers
At the heart of the government’s vision is a digitised tax system that "works closer to real-time" and the Treasury is looking to other countries for guidance. Would real-time monthly tax payments enable companies to scale up as quickly or…
The last straw? Sunak considering tax hike for self-employed
Chancellor Rishi Sunak is considering increasing the amount of national insurance self-employed workers pay to be aligned or equalised with employed staff, it has been reported.
Treasury sources told news service, i that…
Self-assessment: Can’t pay your tax bill on time? Here’s what to do to avoid extra…
Self Assessment taxpayers have just days to pay any outstanding tax liabilities in full to avoid additional charges. But there is a solution to avoid incurring penalty charges by setting up an online payment plan for the 2019 to 2020…
Want to freelance or trade with the EU? Here’s some free VAT tips
If you want to provide freelance services to clients based in the EU, or are a business that imports or exports products with the EU, there are some tax issues you need to be aware of, such as, how do you account for VAT?
The Freelance…
Royal family bill to UK taxpayers at all-time high. What are we paying for?
When one thinks of Britain some iconic images immediately come to mind, and the Royal Family is without a doubt one of them, alongside Queen Elizabeth II's corgis and dorgis, copious amounts of tea and biscuits, pubs, Big Ben, the Houses…
Budget 2021: Where to tune in and latest on Help to Grow Scheme, self-employed taxes
Millions of freelancers, contractors and business owners will be glued to their screens today to learn what the Chancellor's budget has in store for them. A gradual hike in corporation tax seems to be one of the sure bets, with national…
IR35: HMRC to name and shame deliberate defaulters
The HMRC has said that it will identify and correct non-compliance with the off-payroll working rules by using a 'robust risk assessment'.
The tax body says it will identify and target the areas where hiring companies ('customers') are…
Government needs to abolish stamp duty tax says policy think tank
Stamp duty may well be the "worst tax on the UK’s statute books" and it might be high time the government "abolished" it, proposed a data analyst with the Centre for Policy Studies.
Jethro Elsden a data analyst and an author of a…
