Government Action On Dodgy Tax Advisors
The Chancellor’s budget was mostly a damp squib for our sector, with many of his announcements leaked in advance. However, there was one point of interest – the government’s plan to crack down on dodgy tax advisors. Why is that relevant to us? You may be aware of tax avoidance schemes peddled by convincing ‘tax […]
Prison For Tax Avoidance Promoters
The Chancellor’s Budget seemed to be mostly a PR exercise with headline policies focused on getting us all working, such as free childcare and initiatives to support the employment prospects of people with disabilities and long-term health issues. Despite all the good news, we were disappointed that the self-employed and temporary workforce seemed largely forgotten, […]
National Living Wage Rises to £9.50
It has been confirmed that the National Living Wage will rise by 6.6% to £9.50 per hour for people aged over 23, effective from April 2022. The increase is more than twice the current 3.1% rise in the cost of living. Minimum pay rates for younger workers are also set to go up. The National […]
Chancellor Urged To Pause Loan Charge Activity
In their submission to Rishi Sunak’s forthcoming Budget (due on 27 October 2021), the Low Incomes Tax Reform Group (LITRG) have urged him to pause all loan charge activity, and to review the current loan charge situation. Many people are still being paid via disguised remuneration schemes, often by umbrella companies which are not even […]
016 What does the budget mean for self-employed people?
On 3 March 2021, the Chancellor delivered arguably one of the most important budgets in UK’s recent history. Interestingly, it contradicted many expectations of amendments to self-employed tax and/or NICs, despite numerous rumours of significant changes. The budget was packed full of new initiatives and we spoke to special guest Angela Ferguson from Saffery Champness […]