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HMRC
Autumn Budget 2023: tax cuts “not likely” but OBR could push for a VAT threshold rethink
UK Chancellor Jeremy Hunt will deliver his Autumn Statement on November 22, 2023, in what could be his last major economic announcement before the next general election
The Autumn Statement is a chance for the Chancellor to update…
Tax Non-Compliance in the Umbrella Market: What Workers Need to Know
Any freelancer, contractor or temp worker who has found the ideal project or client but is being forced to work with an umbrella company to get paid, must understand the risks of tax non-compliance
The Problem
The umbrella market is…
These tax cuts could be just what millions of self-employed need this Christmas
Tax cuts seem to be on everyone's wish list. One MP highlights where tax cuts could be made and the benefits to the economy those cuts could achieve. That is if the government admits where its forecasts have been going wrong and tries a…
HMRC’s New Rule for Freelancer Platforms and Side Hustles: What You Need to Know
This article was updated on 27.11.2023
For anyone with a side hustle, whether that's making extra income from Airbnb, getting assignments through a freelancer jobs platform or selling items on Ebay, HMRC will have more data on your…
Don’t get caught out: the things you didn’t realise had to be included in a…
With the self-assessment registration deadline nearing, Sarah Coles, head of personal finance at Hargreaves Lansdown outlines some often unknown things that need to be included
Coles rightly reminds us that "self-assessment angst"…
Self-employed could be targeted for higher taxes
OPINION
There are signs emerging that higher tax rates and fees for the self-employed could be on the cards to pay for the Companies House overhaul and new laws over off-payroll non-compliance
Many people believe that most problems…
HMRC has “real-time data” on tax avoidance and non-compliant umbrella companies. Why…
Dave Chaplin, CEO of Contractor Calculator, shares his concerns about HMRC not using the data it has at its disposal to shut down tax avoidance schemes. Plus he answers Freelance Informer reader questions about the pending regulation of…
“Why are we waiting?”: HMRC spent £451m of its budget to combat tax avoidance. Why…
OPINION
HMRC spent 6.5% of its £6.8bn annual budget fighting tax avoidance, according to its 2022/23 expenditure report. For some people, this isn't enough.
They feel the tax authority should be spending more of its budget on…
Self-employed and small business owners losing faith in HMRC
Nearly half of self-employed workers and small business owners are losing confidence in HMRC, according to data published by the tax office. But they are doing some things right, according to small business owners.
Small Businesses’…
Would HMRC fine itself if its contractors got caught up in an umbrella tax avoidance scheme?
Following news that HMRC-hired contractors over the past year were predominately hired inside IR35 with many becoming umbrella company workers, Dave Chaplin, CEO of IR35 compliance firm IR35 Shield responds to questions about just how far…