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Tax
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…
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…
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…
No more margaritas: Restaurateur Brothers banned for failing to pay £173,000 in taxes
Brothers Carlos Enrique De La Cruz Vidal (51), from South East London, and Fernando De La Cruz Vidal (52), from Granada in Spain, are now banned from acting as directors or directly or indirectly becoming involved, without the permission…
The missing billions: ONS records miss £800bn in assets owned by ‘super-rich’
The ONS’ main data on wealth misses almost £800 billion of assets held by the wealthiest 1 per cent of UK households and correcting for this oversight means UK wealth inequality is higher than previously thought, according to new…
Sunak sets sights on self-employed and CGT tax hikes
The UK's Chancellor of the Exchequer, Rishi Sunak, has expressed that the self-employed should be expected to pay higher taxes.
In an effort to 'equalise' tax contributions and taxpayer support between the salaried, self-employed and…
Company founders and execs race to sell down stakes over anticipated capital gains tax hike
The Office for Tax Simplification (OTS) proposals published this week could see the number of UK taxpayers subject to capital gains tax (CGT) triple, according to tax experts, who warn investors should be on "high alert" over the…