£7500 More Tax!!
It’s raining tax…so grab your umbrellas because we are in for a real storm, and guess who is behind this? Yes, you guessed it…
tax
Hello, Is It HMRC You’re Looking For…
A new report found that 1 in 10 callers to HMRC HQ never reach an operator. That is 4 million Brits ignored last year.
Half of Self Employed Not Worried About AI
Something we have mentioned on this blog quite a bit is AI…robots…”The Machines.” Why? Because they are expected to take over.
NO Tax Cut for Contractors Says Chancellor
If you are a contractor in the UK then you probably want to pay less tax. Unfortunately, it doesn’t look like there will be a tax cut any time soon.
Public Sector Contractors Walk Out – “had enough” They Say
As you might be aware, changes are about to happen in the public sector with thousands of contractors facing disruption to their tax situation.
Is the government forcing contractors into umbrella companies?
After the recent revelations that a lot of Government contractors were avoiding tax by paying themselves through a personal service company, the Treasury has announced that all contractors earning more than £220 a day will have to pay the correct tax if they have been in a department for longer than 6 months.
Do contractors turn to their iPad for tax advice?
Small business owners and self-employed individuals are increasingly turning to apps when they want accountancy and tax advice.
Do umbrella company contractors know the changes to Child Tax Credits?
Contractors with young families may be aware that HMRC has overhauled the tax credit scheme.
Umbrella company contractors need not fear new GAAR
Some umbrella company contractors have been getting anxious in case HMRC uses the newly proposed GAAR to hound them.
Should all umbrella companies now use faster payments?
Umbrella company contractors might like top know that the UK’s telephone and internet banking systems have been upgraded to allow same day payments.
IR35 case delivers first ever split verdict
Umbrella company contractors will no doubt be interested to learn that an unprecedented verdict was recently passed down in an IR35 case.
Have any umbrella company contractors hidden money in Switzerland?
Contractors with HSBC bank accounts in Switzerland could be receiving a letter from the taxman in the near future.
Treasury admits income tax and NI cannot merge completely
Some limited company contractors have been hoping that the government’s proposal to align income tax and National Insurance would be the final nail in the coffin for IR35.
What should the Chancellor say in his Autumn Statement?
What measures would umbrella company contractors like to see laid out in the Chancellor’s Autumn Statement?
2,000 people complain about threatening letters from HMRC
Since 2009, HMRC has sent out approximately 17 million letters to taxpayers, including umbrella company contractors. Now it has emerged that around 2,000 people have complained about the threatening tone of HMRC’s debt recovery letters.
HMRC levies unfair penalties on taxpayers
Umbrella company contractors have the peace of mind of knowing that their income tax is deducted at source. But contractors in the UK who file their own tax returns should be aware that HMRC continues to delay sending out penalty notices despite losing recent tribunal cases.