Chancellor’s Autumn Statement – A Damp Squib?

The Chancellor has delivered his Autumn Statement, which, despite all the rhetoric and propaganda, was largely a damp squib for contractors, temps and self-employed people.  Here we explain why. Self-employed A big headline was the abolition of class 2 NICs paid by self-employed people earning over £12,570, and reducing class 4 NICs from 9% to […]

Autumn Budget Date Scheduled

The Chancellor recently announced that this year’s Autumn Budget will take place on 22 November 2023, essential viewing for the political geeks among us, and our first indication of tax changes which might affect you. In recent years we’ve had announcements that: reviews IR35, repeals IR35, retains IR35 freezes personal tax rates / VAT / […]

Less Than One Third Job Seekers Confident About Their Prospects

Jeremy Hunt’s first budget last week aimed to get more people back to work but less than one third (31%) of workers feel more confident looking for a job as a result.  Leading job board CV-Library polled 2,250 workers about their opinion of the budget, with 51% thinking that it will make no difference to […]

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, […]

No More Loan Charge Suicides: Vigil Held

A powerful protest and silent vigil has taken place in Westminster calling on the Government to find a resolution to the ‘Loan Charge scandal’, before it claims more lives.  Members of the Loan Charge Action Group gathered both outside Parliament and outside HMRC to send a powerful message to Treasury ministers and senior HMRC staff […]

The Political Farce Continues

Today the new Chancellor, Jeremy Hunt MP, has given a statement which undoes pretty much all of the tax measures outlined in Kwasi Kwarteng’s mini-budget delivered just 3 weeks ago.  The following tax policies will no longer take place: Cutting the basic rate of income tax to 19% from April 2023; Cutting dividends tax by […]