April 2022 - Page 3 of 3 - Freelance Informer

Sole director contractors warned they could be limited to unaffordable mortgage rates

Mortgage lenders including Santander have announced that they are changing their affordability calculations on 6 April, taking into account not just rising energy bills and household expenditure as per the revised ONS data, but also the…

How freelancing parents can receive help with Easter childcare costs

Working parents could get up to £2,000 a year to pay for regulated childcare, including holiday clubs and out-of-school activities in the Easter holidays. GOVERNMENT STATEMENT HM Revenue and Customs (HMRC) is reminding working…

Your limited company has received an HMRC discovery letter. What do you do first?

TAX CLINIC Q: What steps should I take if I receive a “discovery” letter from HMRC as a limited company freelancer who does not work through a recruitment agency, umbrella or payroll company? A: A discovery assessment, most likely…

Freelancers take client to court for unpaid bills

Freelancers are taking the owner of Dragonfly Digital Video Services to court over thousands of pounds of unpaid bills, it has been reported by Brighton and Hove News. The news report stated that the news service has spoken to several…

Contractors blindsided by MSC tax charges

HMRC has issued letters to thousands of contractors, demanding up to £50,000 from them. The tax office is arguing that contractors have breached the MSC legislation – this is despite HMRC not having established all of the facts, says Seb…

My home office needs a makeover. Can I expense it?

TAX CLINIC Q: I want to redecorate my home office since I do a lot of client calls online and informative videos for my business. What can I expense on the business and what would need to be claimed if I sold the house in say 10 years’…