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Tax
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…
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…
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…
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…
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…