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Tax
ICAEW Tax Faculty calls for safeguards for directors of tax avoidance schemes
ICAEW's Tax Faculty is proposing safeguards for directors of alleged tax avoidance schemes in response to HMRC’s latest proposals that would allow a criminal offence to be applied where promoters fail to comply with a stop notice and…
How to contact HMRC this summer even though the self-assessment helpline is closed
HMRC’s resourcing problems are catching up with them. The tax authority has announced that the self-assessment helpline will be closed until September. What do you do if you have a serious question?
Don't have a tax agent or accountant?…
Scammers targeting tax credit customers: here’s how to protect yourself
HMRC issues scam warning to tax credits customers and a reminder that scammers use deadlines
HMRC has issued a warning to tax credits customers, who are renewing their tax credits claims, to be alert to scammers trying to steal their…
HMRC launches new service for import businesses
Hundreds of thousands of UK traders could benefit from new service to make importing easier
Any solo self-employed traders that import goods from food to antiques could have more certainty in valuing duties and VAT with HMRC's launch…
New UK tax and pension allowances are kicking in
10 new rules are kicking in this week, some are welcome, some not. Two experts from Hargreaves Lansdown, highlight what each change could mean to you and how to protect your money from the "clutches of the taxman"
"It’s going to…
Conservatives’ new anti-social behaviour fines are better money grabs than IR35 and the loan…
OPINION
Fines for anti-social behaviour are going up following Rishi Sunak's new crackdown. Money grabs like these arguably make more sense than others like IR35 and the loan charge since they protect society and boost the Treasury's…
Eight steps to cut your tax bill if you’re a new additional rate taxpayer
This April you could be one of the additional rate taxpayers. In the past, you might have thought you'd be celebrating that development but not necessarily when you find out how much worse off you could be. Sarah Coles of Hargreaves…
Why do the self-employed have to make payments on account?
‘Payments on account’ are advance payments made to HMRC towards your tax bill (including Class 4 National Insurance if you’re self-employed). They are essential but not always fair and often confusing, say tax experts.
You…
70% of sole traders in the dark about tax bills
With the self-assessment income tax deadline upon us, research has shown that four in ten (39.2%) sole traders are yet to file and pay their tax bill, with the vast majority of this group (72.5%) admitting they do not know the amount that…
Government IR35 study reveals extra taxes likely being raised “unfairly”
OPINION
Following the publication of the government and HMRC joint report on the introduction of IR35 reform in the private and voluntary sectors, IR35 experts have highlighted what they see as a "red herring" which indicates that…