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 ...
Tax
Latest stories for Tax.
News
Political palava: MP salary boost same day as NI tax hike
Many freelancers and small business owners would like to see the national insurance tax hike set for this April to be postponed. But in light of up...
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
Hidden £1.7 Billion tax Grab on self-employed
One could say that the Chancellor chose to hand out tricks rather than treats this Halloween in the form of a £1.7bn tax grab hidden in his Autumn ...
Business & Finance
Freelancers face £25 billion tax admin burden
The Federation of Small Businesses is calling on the Government to protect small businesses from unfair profit-seeking behaviour from Make Tax Digi...
News
More tax hikes to come?
Under current government spending plans, council tax increases of 3.6% per year will be needed for the next three years just to ensure council...
Tax
Freelancers may have to pay back 'COVID' tax benefits
SEISS, child benefit and marriage allowance are some of the tax benefits sole traders and limited company directors may have to pay back if their i...
News
Labour Party vows to abolish business rates
The Labour Party is vowing if it came into majority power it would freeze business rates next year. Rachel Reeves, Shadow Chancellor of the Exchequ...
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...
Tax
HMRC handed new powers to Clampdown on promoters of tax avoidance schemes
UMBRELLA COMPANY CONTRACTORS ICAEW warns that the current legislative phrasing provides HMRC with “a very wide-ranging power with extremely serious...
Tax
NI tax hikes: Will umbrella contractors get the chop?
The UK's Federation of Small Business (FSB) has called the Conservative government's national insurance tax hike of 1.25% as “anti-small business” ...
Tax
Self-employed to be in higher demand thanks to health and social care levy says think tank. but at what price?
The NHS will be exempt from the new health and social care levy, government plans reveal, yet in a bizarre twist, care providers and their workers ...