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Qdos

Should HMRC profit from taxpayers?

Staff Reporter Nov 13, 2024

HMRC’s reduced interest on late payments hides the refunds “elephant in the room” says one contractor sector specialist The UK tax authority, HMRC, recently announced a reduction in the interest rate charged on late tax payments,…

Umbrella companies will no longer be “legally” responsible for operating PAYE payments

Katherine Steiner-Dicks Oct 30, 2024

The UK government has announced a major shake-up of the temporary labour market, aiming to tackle widespread tax avoidance within the umbrella company sector and improve conditions for workers. Legislation will be introduced that will…

HMRC anti-avoidance strategy put into question following 100 identified schemes

Staff Reporter Sep 10, 2024

HMRC recently added four more tax avoidance schemes to its list of known promoters. While this should be positive news, it raises concerns about the effectiveness of HMRC's anti-avoidance strategy. Qdos, a tax compliance expert, points out…

Miss the July 31st payment on account deadline? This is how much it could cost you and what to do…

Staff Reporter Jul 26, 2024

Self-Employed Workers Face Steep Penalties as Crucial Tax Deadline Looms Millions of self-employed individuals face a rapidly approaching tax deadline that could result in significant financial penalties if missed, warns tax insurance…

Politicians and policymakers “just don’t understand” small businesses in 2024

Katherine Steiner-Dicks Jul 7, 2024

Small business and contractor industry experts voice their concerns that the Labour Party could easily follow in the footsteps of the Conservative Party and make no lasting change for the millions of UK small business owners. Will Labour…

Goodbye, contractor blanket bans?

Staff Reporter Apr 6, 2024

A legislative fix to off-payroll working rules taking effect on April 6th should reduce the perceived financial risk of engaging contractors commonly known as contractor blanket bans The start of the new tax year today - 6th April -…

Why is it becoming so taxing to be self-employed?

Katherine Steiner-Dicks Apr 6, 2024

Millions of self-employed will be affected by the tax-free dividend allowance cut made this month and what could be yet another year of job insecurity and unnecessary economic risk posed by IR35 and an unregulated umbrella industry From…

HMRC CEST tool reportedly “misaligned with the law”

Katherine Steiner-Dicks Mar 25, 2024

THIS ARTICLE HAS BEEN UPDATED Freelancers face a potential tax timebomb, thanks to a recent revelation about HMRC's CEST tool. However, not all IR35 and Off-Payroll experts believe the HMRC is in the wrong A Freedom of Information…

HMRC Halts Helpline Cuts After Public Backlash

Staff Reporter Mar 20, 2024

HM Revenue & Customs (HMRC) announced a U-turn on its plans to restrict access to phone helplines, following criticism from taxpayers and businesses. The initial plan involved closing the Self Assessment, VAT and PAYE helplines for…

IR35: freelancers and contractors face deadline to reclaim thousands in overpaid taxes

Katherine Steiner-Dicks Mar 16, 2024

Time is running out for freelancers and contractors to claim back potentially thousands of pounds in overpaid taxes under IR35 rules The deadline for submitting an overpayment relief claim is April 5th, 2024. This applies to anyone who…

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