A cabinet minister has argued that the national insurance rise should go ahead as planned despite Tory rebels reportedly pushing for it to be scrapped as the price for their support of Boris Johnson’s leadership.
Category: Money & Tax for the Self-Employed
Everything you need to manage money and tax as a freelancer or sole trader – from self-assessment to invoicing and cashflow.
MPs call for automatic pension help appointments
Pension savers should have appointments scheduled automatically to help them make better decisions, MPs have suggested.
Hair salon win against HMRC means businesses renting out a spare room can breathe sigh of relief
Following Wednesday’s decision by the First-tier Tax Tribunal in favour of a hair salon in Cardiff, businesses renting out a spare room can breathe a sigh of relief as HMRC’s attempt to circumvent the VAT exempt status of rent charges fails.
One in four aiming for retirement to begin at 60
Sixty is the most popular age to retire early, with one in four people aiming to do so at that age.
UK businesses write off £8 in every £100 as uncollectable
UK businesses report losing £8 for every £100 billed in the last year due to the non-payment of invoices, according to the research by trade credit insurer Atradius.
Taxpayers could receive a Christmas bonus
Taxpayers who file their tax returns online by the 30 December may be able to enjoy a Christmas bonus.
UK’s anti-money laundering measures need complete reset, says report
Un-policed and often unenforceable anti-corruption laws have made the UK the global money-laundering capital for a post-Soviet Union elite, severely damaging Britain’s international reputation and the rule of law, the London-based thinktank Chatham House says in a report.
Employers warned over care with Christmas payroll as could make employees worse off
Employers who try and help employees buy paying Christmas salaries early could affect those on universal credit by up to 55%.
Haulage company sets out to solve HGV driver shortage by becoming partnership
Hertford-based haulage company, Matthews Haulage, today announced that it has formed Matthews Haulage and Partners Limited Liability Partnership (LLP) with the assistance of its tax advisers, Optimal Compliance.
Sky Sports presenter handed £281,000 IR35 bill
Leading IR35 specialist, Qdos, have responded to the news that Sky Sports TV presenter, Dave Clark, has lost an IR35 case appeal carrying £281,084.48 in tax liability.
UK business rates review may tax streaming services and online goods
Streaming services, such as Netflix and Spotify, online newspapers, ebooks and items reserved online but picked up in stores could be subject to a new online sales tax if ministers give it the green light.
Bad weather the one damp spot in strong Hiscox results
Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, more than City analysts had expected, but rising rates have enabled it to report strong premiums written this year.
Overdue invoices costing 75% of business time new survey shows
Businesses and accounts departments are spending too much time chasing overdue debts when that time would be better spent in advising their sales teams on who to do business with or not in the first place.
Insolvencies set to rise as creditors go to the courts
A sharp rise in creditors using court action to recover debts has fuelled fears of a jump in insolvencies.
Shipping firms that fly red ensign flag to be offered tax breaks
Global shipping companies will from April 2022 be offered tax breaks if they fly the UK’s historic merchant shipping flag, the red ensign.
