Category: Self Employment
Over a million take advantage of extra time to file self assessment returns
Posted on March 25, 2022 | Coronavirus | COVID-19 | Self Employment | Tax
HMRC has revealed that more than one million taxpayers filed their late tax returns in February – taking advantage of the extra time to complete …
HMRC raises late payment interest rate to 3%
Posted on March 21, 2022 | Self Employment | Tax
Following the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a quarter …
National insurance rise ‘set to squeeze budgets’, warns CBI
Posted on February 25, 2022 | Employment | Self Employment | Tax
The Confederation of British Industry (CBI) has warned the government that the planned rise in national insurance will squeeze budgets and affect economic growth.
The rise …
Consumer group urges taxpayers to avoid using refund firms to claim tax rebates
Posted on February 23, 2022 | Employment | Self Employment | Tax
Consumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates.
Which? stated that people are losing hundreds of pounds by …
Self assessment taxpayers must declare COVID grants on tax returns
Posted on January 19, 2022 | Coronavirus | COVID-19 | Self Employment | Tax
HMRC has reminded self assessment taxpayers to declare any COVID-19 grant payments on their 2020/21 tax return.
According to HMRC, more than 2.7 million customers claimed …
HMRC issues warning on self assessment scams
Posted on December 16, 2021 | Self Employment | Tax
HMRC has warned taxpayers completing their 2020/21 tax returns to 'be on their guard' and stay vigilant in regard to tax-related scams.
Nearly 800,000 tax scams …
Making Tax Digital for Income Tax Self Assessment delayed for a year
Posted on October 11, 2021 | Company News | Self Employment | Tax
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year, HMRC recently announced.
The …
Claiming the Fifth SEISS grant -Everything you need to know
Posted on June 7, 2021 | Economy | Self Employment
As the deadline for the Fourth SEISS grant passes, many businesses will be looking ahead to the fifth instalment.
Here is everything you need to know …
Business rates relief extended with £1.5 billion fund
Posted on April 8, 2021 | Legislation Changes | Self Employment | Startups | Tax
The government is to extend business rates relief with a £1.5 billion fund targeted at those businesses unable to benefit from the current COVID-19 support.
Retail, …
Business groups welcome Budget
Posted on March 10, 2021 | Economy | Employment | Legislation Changes | Self Employment | Tax
Business groups welcomed the Chancellor's Budget for protecting the economy now and kickstarting recovery from the COVID-19 pandemic.
Tony Danker, Director General of the CBI, said:
'The …