Browsing Category
HMRC
Contractors: tax specialist says avoid offshore umbrella PAYE schemes
Not all umbrella company PAYE schemes are what they seem says contractor tax specialist
In a recent LinkedIn post, Graham Webber Director of Tax at WTT Consulting, which is a specialist in contractor tax, highlighted that contractor tax…
Freelancers: are you paying yourself the right way?
Entrepreneurs and freelancers are being told to pay closer attention to how they pay themselves following the changes announced in the Autumn Statement, according to business finance expert, Lee Murphy. This call to action follows the…
Autumn statement: limited company freelancers squeezed like never before
Freelancers and contractors will see their earnings squeezed not only by higher taxes but tax grabs on dividends following the Autumn Statement announcements.
Jeremy Hunt has delivered a budget that has included tens of billions of…
Autumn Statement: self-employed could be hit with more taxes
Everyone is preparing to pay more taxes following the Autumn Statement proposals, but some believe the self-employed could be unfairly over-taxed. Read what economists, tax specialists and MPs are expecting the Autumn Statement to reveal…
The Tory Party must prioritise a crackdown on misspending before tax grabs and social cutbacks
OPINION
Will PM Rishi Sunak and Chancellor Jeremy Hunt use the Autumn Statement to prove that they can relate to citizens by doing them justice by cracking down on Tory party misspending? Or will they go for uncreative tax grabs aimed…
Freelancers: get prepared for more fiscal U-turns, IR35 reform uncertainty
THIS ARTICLE HAS BEEN UPDATED
FOR LATEST VIEWS ON IR35 REFORM APPEAL ABANDONMENT SEE DEDICATED SECTION BELOW
The new Chancellor, Jeremy Hunt, has revoked the repeal of the Off-payroll rules that were introduced in 2017 and 2021 to…
Fail to register your business while trading? It could lead to prison sentences and an unlimited…
HMRC is cracking down on individuals who are trading without complying with anti-money laundering requirements. Estate agents are among the top offenders, according to a new report. With more umbrella company contractors looking to go…
HMRC scrutiny over freelancers on the rise
TAX CLINIC/READER QUESTION
What would trigger an HMRC investigation? Is it different for a limited company freelancer versus an umbrella company worker? And if your umbrella company or payroll service has been named by HMRC as a tax…
Self-employed could be “back into the abyss”
British entrepreneurialism is under attack by what appears to be counterproductive government-led tax grab and hiring policies, writes Katherine Steiner-Dicks
IR35, Off-Payroll rules, Loan Charges, pocketed umbrella contractor holiday…
By 2025 almost everyone will be paying more tax
Just when you manage to negotiate a pay or rate rise, you are pushed into a higher tax bracket. It seems the National Insurance tweak eases April’s pain for some, but not by much. Enjoy it while you can because by 2025 every worker can…