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).
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.
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.
15 years since the Prompt Payment Code was introduced, has it prompted faster payments?
The Prompt Payment Code (PPC) was introduced to the UK in December 2008 as a voluntary code of practice, administered by the Office of the Small Business Commissioner (OSBC), on behalf of Department for Business and Trade (DBT).
Inheritance Tax Receipts reach £3.2Bn from April to August 2023, up £300M from same period year earlier
The latest figures from HM Revenue and Customs show that inheritance tax receipts increased to £3.2 billion in the five months from April 2023 to August 2023.
Capital Gains Tax changes may reveal underpaid tax
Changes to regulations regarding Capital Gains Tax (CGT) and separating couples could alert people to the fact that they may have failed to pay sufficient tax in the past.
UK businesses face money laundering threat under Treasury shake-up
UK businesses could be exposed to greater risks of money laundering under new proposals being put forward by the UK government,
HMRC poised to scrap ‘double taxation’ of IR35 in welcome move for contractors and their clients
Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules.
