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HMRC
School fees VAT hike: Self-employed parents scramble for mortgage solutions to pay private school…
The impending 20% VAT increase on private school fees, set for September 2025, has ignited a wave of concern among self-employed parents. With mortgage rates already elevated, this additional financial burden has prompted many to explore…
Labour’s VAT raid on school fees: Tips on how parents can manage a 20% hike in education costs
Discover expert tips for managing rising school fees, including VAT impacts and financial planning strategies for parents
The Labour Party is in power and that means it will introduce VAT on private school fees starting from September…
Tory MP severance payments to cost taxpayers £35m
A potential electoral defeat for the Conservative Party could result in a significant financial burden for British taxpayers, amounting to an estimated £35 million, it has been reported. This expense stems from the anticipated costs…
Government issues warning about false business rates appeal claims
The UK government's Valuation Office Agency (VOA) has issued a warning to businesses about false claims regarding the deadline to appeal their 2023 business rates. Some agents are falsely stating that the deadline is June 30th, which is…
Pros and cons of political party policies affecting self-employed and agency contractors
Policies on inheritance tax, pensions, IR35, national service and defence: pros and cons
The upcoming general election on July 4th in Great Britain has several political parties presenting diverse tax policies that will significantly…
Many family businesses won’t survive under Labour’s IHT polices say experts
Labour Party’s intention to strengthen public services could mean changes to inheritance tax (IHT) policies that could significantly impact solo self-employed business owners and family-owned businesses, according to news sources. These…
Lib Dems may have sealed 4.2 million votes overnight
The Liberal Democrats Manifesto released this week pledges to end retrospective tax changes such as the loan charge brought in by the Conservatives and review the Government’s off-payroll working IR35 reforms to ensure self-employed people…
Child benefit tax breaks could be boon for Mums
According to the Institute for Fiscal Studies (IFS), families with children have been disproportionately impacted by benefit cuts since 2010. Reductions to tax credits and the introduction of the 'two-child limit' in Universal Credit have…
Pension death tax reforms could crush families of freelancers and small business owners
Public affairs financial experts are expressing concerns that a Labour government may introduce changes to pension taxation that could significantly impact freelancers, solo self-employed individuals, contractors and directors of limited…
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…