Browsing Category
HMRC
10 end-of-tax year strategies to cut your tax bill
Millions of Britons are caught in a high-tax trap, squeezed by outdated thresholds and rising incomes. The higher rate tax threshold, frozen since 2021, will continue to lag behind wages until 2028, leaving more and more people dragged…
Assignment rate unravelled: questions to ask before you accept an off-payroll job
SPECIAL REPORT
If you are starting your contracting journey in 2024 or deciding to take an off-payroll job especially one that the recruitment agency insists you work via an umbrella company, then there are some crucial things you need…
Second-hand sellers in a tax tizzy over side hustle tax (when they probably don’t need to be)
The world of pre-loved fashion is abuzz with worry about the looming "side hustle tax" on platforms like Depop, eBay, and Vinted. This new HMRC regulation has sellers in a frenzy, wondering if their passion project will be hit with a tax…
25 Reasons why HMRC could use AI for umbrella company background checks
Automating background checks to weed out tax-avoiding umbrella companies could save HMRC time and resources compared to manual investigations. It could also save thousands of freelancers financial heartbreak. Here we share 25 reasons why…
Latest changes to Making Tax Digital
The government originally planned to mandate MTD for ITSA starting in April 2024, but has since delayed the mandate to April 2026. More changes could still be on the cards
Making Tax Digital for Income Tax Self-Assessment (MTD for…
Autumn Statement reactions: despite tax cuts “Tories have failed the self-employed leaving the…
We highlight the key takeaways and expert reactions to the Autumn Statement and what lies ahead for the self-employed including freelancers, contractors and small business owners
The Autumn Statement 2023, delivered by Chancellor…
Rumours of NI or income tax cut could put Conservatives back into self-employed good books
Autumn Statement: NI or income tax cuts could be a win-win for the self-employed and the economy. Plus self-employed and independent worker specialists share their views on what they'd like to see announced in the upcoming Chancellor's…
Autumn Budget 2023: tax cuts “not likely” but OBR could push for a VAT threshold rethink
UK Chancellor Jeremy Hunt will deliver his Autumn Statement on November 22, 2023, in what could be his last major economic announcement before the next general election
The Autumn Statement is a chance for the Chancellor to update…
Tax Non-Compliance in the Umbrella Market: What Workers Need to Know
Any freelancer, contractor or temp worker who has found the ideal project or client but is being forced to work with an umbrella company to get paid, must understand the risks of tax non-compliance
The Problem
The umbrella market is…
These tax cuts could be just what millions of self-employed need this Christmas
Tax cuts seem to be on everyone's wish list. One MP highlights where tax cuts could be made and the benefits to the economy those cuts could achieve. That is if the government admits where its forecasts have been going wrong and tries a…