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HMRC
Apprentice levy loophole smacks of injustice for umbrella company workers and contractors
Who is calling the shots here, HMRC or the umbrella companies?
That's a question hundreds of thousands of temp workers and contractors have been asking about a government tax loophole that allows temp workers to pay Apprentice Levies,…
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…
HMRC clamps down on tax repayment agents but are contractors protected?
Are tax repayment agents worth the risk and "convenience"?
After receiving thousands of complaints from taxpayers about unscrupulous tactics by tax repayment agents, HMRC is bringing in protections that will change the way tax repayment…
8 ways you’ll pay more tax in 2023 – and 5 ways to avoid it (legitimately)
Sarah Coles, senior personal finance analyst, Hargreaves Lansdown highlights where our tax liabilities will go up in 2023, but also reminds us of the ways we can cut tax obligations legitimately
"If 2022 hasn’t cured you of your…
Middle earners face £20K stealth tax, says new research
Squeezed middle earners are facing a staggering £20,000 stealth tax hike over the next decade, new research commissioned by the Liberal Democrats has revealed.
Income disappearing act
The House of Commons Library analysis shows that…
HMRC: self-employed mandatory digital record keeping and quarterly reports delayed until 2026
The UK's self-employed have made a collective sigh of relief following the government's delay of mandatory digital record keeping and quarterly reports of their company's finances. The mandatory use of software is therefore being phased in…
Has HMRC admitted that contractors are now paying unnecessary taxes?
Recourse for contractors whose Off-payroll status has been incorrectly assessed appears not to be a priority for the government, according to contractor service specialists
A recent HMRC report revealed that a third of businesses…
Making Tax Digital: taxpayers and HMRC not ready for digital quarterly reporting, say tax experts
Tax professionals say the Government should think again about its plans to make it compulsory for self-employed businesses and landlords to keep digital records and report their income quarterly from April 2024.
The results of a recent…