Tim Davie, the Director General at the BBC, and his team found themselves under the intense scrutiny of the Public Accounts Committee (PAC) yesterday regarding the corporation’s implementation efforts across the UK.
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.
Almost a third of UK business owners to sell up to fund retirement
Almost one third of UK business owners plan to sell their businesses to help fund their retirement, according to new research.
All about pensions
With so many different options to consider, pensions can be a complicated subject.
Loose Women presenter Kaye Adams wins ten-year IR35 tax battle
Kaye Adams appears to have finally won a ten-year battle with HM Revenue & Customs after the tax authority said it had decided not to appeal after her latest court win.
Inheritance Tax receipts reach £5.7BN from April ’23
Figures released by HMRC today show that the Treasury raked in £5.7 billion in inheritance tax receipts in the nine months from April to December 2023. This is £400 million more than in the same period a year earlier, continuing the upward trend.
NatWest launches Intellectual Property-based lending to fuel high growth businesses
NatWest Group has launched a new lending proposition for high growth businesses to enable them to lever off the value of their Intellectual Property (IP).
HMRC introducing new side hustle tax targets Britons making money online
With the rise of the gig economy and the increasing number of individuals making money online, the UK government is introducing new measures to tackle tax evasion.
A Christmas tax bonus from HMRC for some UK taxpayers
HMRC aren’t known for their Christmas spirit, but there is one area where some taxpayers can benefit from a little cashflow bonus if they act now.
Only Seven Days until Paper VAT Registrations Are Scrapped by HMRC
From the 13th of November, businesses will need to complete their VAT registration online as part of HMRC’s Making Tax Digital (MTD) strategy.
The implications of the bank of Mum & Dad
Claire Johnson, a partner in Clarke Willmott’s private capital team, looks at the implications associated with the so-called ‘Bank of Mum and Dad’ and how parents can make informed choices about contributing to their child’s property purchase.
Bernie Ecclestone’s £652M fine – A Lesson for Other Tax Evaders?
Taxpayers need to be honest with the Revenue as soon as their affairs are challenged and not call HMRC’s bluff; otherwise, they will end up in the position that Bernie Ecclestone finds himself, say leading tax and advisory firm Blick Rothenberg.
Millions of gig workers and people with side hustles braced for tax crackdown
Rent out your home on Airbnb? Drive for Uber? Freelance on Fiverr? From January, these platforms will record your income and soon report it to HMRC…
HMRC nudge letters cause needless worry to UK taxpayers and often achieve nothing
Thousands more nudge letters being sent out by HMRC are causing needless worry to UK taxpayers, and are unnecessary.
New funding package supports Yorkshire business in developing sustainable solutions for global infrastructure and energy markets
Rosehill Polymers Group has finalised a multi-million-pound deal with Virgin Money and UK Export Finance to complete a refinancing and management buyout of the business and accelerate their worldwide growth ambitions.
‘Nosedive’ in HMRC service levels impacting millions of self-employed taxpayers
New research has found staggering dissatisfaction with HMRC service levels.
