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HMRC
ENI tax hikes: experts say the implications could be costly and risky for some contractors
The recent hike in employers' national insurance tax has sent ripples through the contracting world, leaving many unsure of whether to celebrate or brace for impact. While some contractors may find themselves with unexpected benefits,…
Freelancers urged to file taxes early: here’s why
Many freelancers are already feeling stressed about "painful" surprises that could be announced in the Labour Party's Autumn Budget. That is why freelancers should aim to get their tax returns sorted now, rather than when the annual…
Double tax hit looms for umbrella contractors
Rumours of the October Budget revealing increases to Capital Gains Tax (CGT) and Employer National Insurance could significantly squeeze the income of umbrella company contractors, impacting both their take-home pay and long-term financial…
UK Budget: Recruiters warn contractors, clients and umbrella companies to brace for harsh landing
Recruitment agencies and contractors alike are bracing themselves as the new government's Budget proposals loom large, with potential changes that could drastically alter the recruitment landscape.
Mary Maguire, Managing Director at…
HMRC anti-avoidance strategy put into question following 100 identified schemes
HMRC recently added four more tax avoidance schemes to its list of known promoters. While this should be positive news, it raises concerns about the effectiveness of HMRC's anti-avoidance strategy. Qdos, a tax compliance expert, points out…
Freelancers Brace for Impact: National Insurance Cut May Get Cancelled Out By Replacement Tax Hikes
While the 2p reduction in national insurance contributions may offer short-term relief for some, experts warn that it could pave the way for the government to seek revenue elsewhere to pay for salary pay rises of public sector workers and…
Off-payroll is “loss-making exercise for the Treasury”
IR35 reforms and complicated off-payroll rules are costing taxpayers and public sector projects millions of pounds and high-calibre talent. The Freelance Informer asks IR35 experts: what’s it all for?
In a week, the High Speed 2 (HS2)…
Labour coming down on “self-employed” LLP members
LLP Members: Employees or Self-Employed? Tax Implications Highlighted in 2024 Case
The Labour Party and HMRC are on the hunt for more Treasury funds and if you are a lawyer, architect or member of a Limited Liability Partnership you…
Tax hikes could be on the cards. Here’s how can you protect hard-earned cash
Chancellor of the Exchequer Rachel Reeves has painted a grim picture of the nation’s public finances in her speech this week, axing spending pledges made by the former government that weren’t already funded. That’s according to Sarah…
Miss the July 31st payment on account deadline? This is how much it could cost you and what to do…
Self-Employed Workers Face Steep Penalties as Crucial Tax Deadline Looms
Millions of self-employed individuals face a rapidly approaching tax deadline that could result in significant financial penalties if missed, warns tax insurance…