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 u...
HMRC
Latest stories for HMRC.
News
Modern-day "serfdom"? Brits spend over 40% of the year working for the taxman. Umbrella contractors - even more
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 contrac...
HMRC
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...
News
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 ch...
HMRC
National insurance tax hike: "now is not the time"
With a spree of tax hikes introduced at the height of a cost of living crisis, April 2022 could go down in British political history as the Spring ...
HMRC
Court thwarts HMRC’s tax grab on freelancers
The outcome of a landmark and very personal First-Tier Tax Tribunal case, that dragged on for five years, is a reminder to all freelancers and smal...
News
HMRC late payment interest rates to increase
HMRC interest rates for late payments will be going up following the Bank of England interest rate rise to 0.25%. The Bank of England Monetary Poli...
Lifestyle
Sold a property? HMRC on hunt for "missing" CGT
HMRC is sending out a new batch of nudge letters to sellers of residential properties to make sure that they have paid the right amount of capital ...
IR35
SIA, HMRC carry out tax abuse checks on contractors
Contractor tax abuse checks carried out across 29 venues The Security Industry Authority (SIA), the organisation responsible for regulating the pri...
HMRC
Making Tax Digital: "not fit" for Freelancers
The 'Making Tax Digital' for Income Tax programme will be delayed from 6 April 2023 until 6 April 2024. But the basis period proposals of the progr...
HMRC
ONS reveals £35bn in missing tax payments
Some wealth planners are expecting radical changes to the UK tax system in the next few years. The Office for National Statistics has published a r...
News
HMRC trawling “mind-boggling” amounts of financial data on freelancers and contractors
Tax experts have confirmed with the Financial Times that the UK tax authority is securing a mind-boggling amount of financial data on people, inclu...