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HMRC
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…
HMRC deferred VAT pilot scheme volunteers awarded interest-free perks – deadline to sign-up 12…
HMRC is urging businesses that deferred VAT payable between 20 March and 30 June 2020 to participate in a pilot scheme this week to test the new payment scheme before 12 February, the ICAEW reported.
VAT registered businesses could…
Glimmer of hope over stamp duty holiday extension (for some)
A campaign led by the property sector to extend the Stamp Duty Tax holiday saw a glimmer of hope last week when Jesse Norman, the Financial Secretary to the Treasury said the government and HM Treasury would consider ‘substantial…
MPs and HMRC could change terms of next SEISS to jump-start excluded businesses
A Parliamentary committee has expressed its belief that the Treasury could include the newly self-employed in the next round of SEISS grants, taking account of tax returns now being filed for 2019-20.
Others that have been left out,…
Property industry petitions Sunak to extend Stamp Duty exemption for 6 months
With the March deadline for the stamp duty holiday on the horizon, the UK property industry has urged Chancellor Rishi Sunak to consider extending the exemption on the first £500,000 of residential property purchases.
MPs will debate…
Fate of limited company directors and PAYE contractors in HMRC’s hands
The Directors Income Support Scheme, known as DISS, is expected to hear of the Treasury's decision in a matter of days, Forgotten Ltd. has confirmed with The Freelance Informer.
Northern Ireland has outpaced the UK this month on its…