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Tax
Pension tax is pushing NHS doctors into early retirement. Will locums fill the gap?
The number of doctors taking early retirement from the NHS has more than trebled over the past 13 years, official figures show. Many retired because of the large tax bills spurred by pension caps. Will locum doctors cover the exodus?
A…
Compliance platform Xolo raises €3m to support post-pandemic solopreneur boom
Xolo, an Estonian-born startup supporting freelancers and microbusinesses, has raised €3m to expand in 6 countries
The Freelance Informer asks Xolo CEO and Skype co-founding engineer, Allan Martinson if the startup has plans for…
HMRC’s points-based penalty system to charge higher fees for repeat offenders
HMRC is changing its tax return penalty system. It's aiming to punish repeat offenders and be more lenient towards those who make the odd mistake, reported Simply Business, the insurer. The Freelance Informer has covered the report's…
Join the June self-assessment challenge
In 2020, some 700,000 taxpayers left it to the very last day to file their self-assessment – with a nail-biting 26,562 taxpayers leaving it to the last hour, Crunch reported.
Preparing your self-assessment in June could help…
New tax payment scheme for UK self-employed could freak out freelancers
At the heart of the government’s vision is a digitised tax system that "works closer to real-time" and the Treasury is looking to other countries for guidance. Would real-time monthly tax payments enable companies to scale up as quickly or…
The last straw? Sunak considering tax hike for self-employed
Chancellor Rishi Sunak is considering increasing the amount of national insurance self-employed workers pay to be aligned or equalised with employed staff, it has been reported.
Treasury sources told news service, i that…
Self-assessment: Can’t pay your tax bill on time? Here’s what to do to avoid extra…
Self Assessment taxpayers have just days to pay any outstanding tax liabilities in full to avoid additional charges. But there is a solution to avoid incurring penalty charges by setting up an online payment plan for the 2019 to 2020…
Want to freelance or trade with the EU? Here’s some free VAT tips
If you want to provide freelance services to clients based in the EU, or are a business that imports or exports products with the EU, there are some tax issues you need to be aware of, such as, how do you account for VAT?
The Freelance…
Royal family bill to UK taxpayers at all-time high. What are we paying for?
When one thinks of Britain some iconic images immediately come to mind, and the Royal Family is without a doubt one of them, alongside Queen Elizabeth II's corgis and dorgis, copious amounts of tea and biscuits, pubs, Big Ben, the Houses…
Government needs to abolish stamp duty tax says policy think tank
Stamp duty may well be the "worst tax on the UK’s statute books" and it might be high time the government "abolished" it, proposed a data analyst with the Centre for Policy Studies.
Jethro Elsden a data analyst and an author of a…