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Tax
Tax avoidance crackdown to target traders, small biz
The Conservative Party wants to raise £6bn a year by clamping down on tax avoidance and evasion with the proceeds of the tax revenue received to go towards childcare benefits and to help pay for the proposal to introduce national service…
Self-employed: invest the extra cash coming your way
A recent report by Hargreaves Lansdown says the financial freedom of freelancing comes with a significant financial cost. But for those freelancers that take advantage of lower national insurance and electricity costs becoming available…
Goodbye, contractor blanket bans?
A legislative fix to off-payroll working rules taking effect on April 6th should reduce the perceived financial risk of engaging contractors commonly known as contractor blanket bans
The start of the new tax year today - 6th April -…
Why is it becoming so taxing to be self-employed?
Millions of self-employed will be affected by the tax-free dividend allowance cut made this month and what could be yet another year of job insecurity and unnecessary economic risk posed by IR35 and an unregulated umbrella industry
From…
HMRC CEST tool reportedly “misaligned with the law”
THIS ARTICLE HAS BEEN UPDATED
Freelancers face a potential tax timebomb, thanks to a recent revelation about HMRC's CEST tool. However, not all IR35 and Off-Payroll experts believe the HMRC is in the wrong
A Freedom of Information…
HMRC Halts Helpline Cuts After Public Backlash
HM Revenue & Customs (HMRC) announced a U-turn on its plans to restrict access to phone helplines, following criticism from taxpayers and businesses.
The initial plan involved closing the Self Assessment, VAT and PAYE helplines for…
IR35: freelancers and contractors face deadline to reclaim thousands in overpaid taxes
Time is running out for freelancers and contractors to claim back potentially thousands of pounds in overpaid taxes under IR35 rules
The deadline for submitting an overpayment relief claim is April 5th, 2024. This applies to anyone who…
“Very thin gruel for SMEs”: self-employed respond to UK Spring Budget
April 2024 Budget key points: what do the self-employed think?
"Very thin gruel for SMEs," that's how Daniel Wiltshire, an actuary and IFA at Wiltshire Wealth, describes Jeremy Hunt's offering in the Spring Budget.
"It's as if the…
Enjoy the “tax cuts” while they last warns think tank
While voters in Great Britain may be cheering the prospect of pre-election tax cuts, a new report by the Resolution Foundation indicates the celebrations could be short-lived. Find out how you could be affected
A statement from the UK…
IFS: UK tax system needs an overhaul: is it time for another song about the taxman?
The UK's tax system is riddled with inefficiencies and unfairness, according to a new report by the Institute for Fiscal Studies (IFS), but tight public finances are making much-needed reforms difficult to implement. No political party…