When do you complete your self-assessment? In 2018 over 30,000 taxpayers submitted their self-assessments in the final hour before the deadline on 31st January. Almost 750,000 people missed the deadline altogether. It is advised that you avoid this busy period and complete your self-assessment before Christmas.
Christmastime is a great time to be rewarded for a year of hard work – and contractors can benefit too. Whether you’re a one-person limited company or a company with 50+ employees, you can claim for some Christmas party expenses to be exempt from tax and National Insurance (NI).
Private sector contractors’ right to decide their own IR35 status is being taken away from April 2020 when they are engaged by a medium or large-sized client and working through an intermediary such as a limited company. With these changes coming into effect, it’s good to know how end-clients and agencies may handle IR35 in such instances.
Chancellor Philip Hammond unveiled Budget 2018 on Monday 29 October 2018 – his last before Brexit. Overall, the reception to the Budget has been greeted with mixed emotions, but it is fair to say that some of the announcements are more positive than many predicted.
The Loan Charge Action Group is hoping for a Judicial Review to challenge the lawfulness of the government’s most brutal effort yet to tackle tax avoidance. We discuss this and how you can settle your tax affairs – if you are affected – in our latest blog on the 2019 Loan Charge.
Every year on 10th October, World Mental Health Day is observed to raise awareness of mental health issues and to highlight the importance of supporting mental health in all aspects of life. We discuss mental health with regards to how contractors, freelancers and self-employed professionals can be impacted.
There has been plenty of debate over the past year over what would happen in the event of a ‘No Deal Brexit’. We discuss what this might mean for contractors, freelancers and the self-employed in the UK.
HM Revenue & Customs (HMRC) has lost a major tribunal against Professional Game Match Officials Limited (PGMOL) – the professional body representing over 30,000 amateur football referees in the English game.
There has been a massive growth of self-employment in the UK in recent years. Since 2001, self-employed workers in the UK now make up 15% of the working population. This will only continue to grow as figures have almost tripled for self-employed workers over the age of 65 since 2001.
Making Tax Digital (MTD) marks the end of paper record-keeping for millions of businesses and self-employed professionals in the UK. If you have a VAT-registered business, you need to prepare for Making Tax Digital by 1st April 2019.