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HMRC
Exchequer v. HMRC: will it mean more bills for contractors?
This article has been updated
Judges have ruled that umbrella provider Exchequer Solutions owes HMRC £11m in unpaid tax, but will contractors end up picking up the tax tab? We ask the experts to see what they think and their tips to…
Modern-day “serfdom”? Brits spend over 40% of the year working for the taxman. Umbrella…
Taxpayers worked 159 days for HMRC this year. The 8th of June is the first day they start working for themselves. But with umbrella company contractors forking out both employee and employer national insurance contributions, and the…
What do you do if you get a SEISS reassessment letter?
Freelancers and small business owners could receive a letter from HMRC identifying them as taxpayers who must repay all or part of their fourth or fifth self-employment income support scheme (SEISS) grant following a tax return…
HMRC cracks down on workers’ tips and gratuity
Agency workers that receive tips or gratuity as part of their job or service industry, could have their employment records checked from time to time by HMRC. A review of their employer's records would be carried out by HMRC to make sure…
These tax year tips could help you make ends meet
“In the new tax year freelancers are having to deal with the most wide-ranging changes in personal income taxation for more than a decade, says Daniel Fallows, director of accountancy Gorilla.
“We have to go back as…
Contractors blindsided by MSC tax charges
HMRC has issued letters to thousands of contractors, demanding up to £50,000 from them. The tax office is arguing that contractors have breached the MSC legislation – this is despite HMRC not having established all of the facts, says Seb…
Fiscal drag to trap more freelancers into 40% tax bracket
By Daniel Fallows
As the UK faces a cost-of-living crisis with inflation reaching its highest level for 30 years and the Bank of England forecasting that inflation will rise further to 8% this year – Rishi Sunak has been…
NICs hike: call for recruitment agencies and end clients to pay up for umbrella contractors
Recruitment agents and their end clients need to “step up to the plate and increase assignments fees to cover the cost to the worker”, according to the FCSA’s CEO, Chris Bryce.
The FCSA’s call for higher contractor pay, especially for…
Freelancers could see rate rises wiped out in 2022
The enormous impact of HMRC moving and freezing income holds in recent years has been revealed.
Great Britain's Office for Budget Responsibility changed its forecasts to reflect higher inflation, which means not only will more people…
Umbrella company workers slammed again
The Chancellor and Prime Minister have confirmed that the National Insurance rise will go ahead this April – a move that freelancers, contractors and their fellow small business owners know will hit them hard in the midst of a cost of…