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Tax
HMRC handed new powers to Clampdown on promoters of tax avoidance schemes
UMBRELLA COMPANY CONTRACTORS
ICAEW warns that the current legislative phrasing provides HMRC with “a very wide-ranging power with extremely serious consequences.”
The government is giving the nation's tax authority, the HMRC, more…
NI tax hikes: Will umbrella contractors get the chop?
The UK's Federation of Small Business (FSB) has called the Conservative government's national insurance tax hike of 1.25% as “anti-small business” and could spark job losses of 50,000 or more. It will also lead to a 2.5% national…
Self-employed to be in higher demand thanks to health and social care levy says think tank. but at…
The NHS will be exempt from the new health and social care levy, government plans reveal, yet in a bizarre twist, care providers and their workers will pay for the levy, The Telegraph has reported.
There are also revelations that the…
“Short sighted attack”: Freelancers and small businesses hit with Dividend tax, NI hike…
SPECIAL REPORT
The government has announced a 1.25% Health and Social Care levy based on National Insurance contributions to tackle the social care crisis. "Another short-sighted attack from the government on the self-employed": Seb…
Social care tax hikes: Who will take care of our elderly if careworkers jump ship to work for…
Care workers are quitting to become Amazon warehouse pickers and for other better-paid jobs in a growing staffing crisis which operators now warn could leave 170,000 vacancies by the end of the year, the Guardian reported.
The shift of…
Self-employed and contractors should prepare for National Insurance tax hikes
Anyone who is self-employed in the UK should be preparing for increased national insurance rates, possibly at the same rate as employed taxpayers, according to Mark Collins, Head of Tax at Handelsbanken Wealth Management.
According to a…
How to complete a tax return if you received a COVID self-employment grant
If you received a Self-Employment Income Support Scheme (SEISS) grant and are struggling to find where to add this information on your tax return you are not alone. The Low Incomes Tax Reform Group (LITRG) has provided a guide for that…
Pension tax is pushing NHS doctors into early retirement. Will locums fill the gap?
The number of doctors taking early retirement from the NHS has more than trebled over the past 13 years, official figures show. Many retired because of the large tax bills spurred by pension caps. Will locum doctors cover the exodus?
A…
Compliance platform Xolo raises €3m to support post-pandemic solopreneur boom
Xolo, an Estonian-born startup supporting freelancers and microbusinesses, has raised €3m to expand in 6 countries
The Freelance Informer asks Xolo CEO and Skype co-founding engineer, Allan Martinson if the startup has plans for…
HMRC’s points-based penalty system to charge higher fees for repeat offenders
HMRC is changing its tax return penalty system. It's aiming to punish repeat offenders and be more lenient towards those who make the odd mistake, reported Simply Business, the insurer. The Freelance Informer has covered the report's…