HMRC’s latest ‘Spotlight’ warns about Managed Service Company tax rules and gives further information about when they might apply. These rules can affect agency or umbrella company workers who work through a limited company, where the company has been set up and is run for them by someone ...
HMRC have released a new online tool that can help umbrella company workers understand whether their pay and deductions are being handled properly. Here we tell you more about how it works and explain why it couldn’t have come at a better time!
If you are self-employed, you might need to make journeys or stay away from home in the course of running your business. This article looks at some common scenarios where it might not always be clear what travel and accommodation costs qualify as a business expense, to help you decide what to claim ...
The government recently announced that there will be a fresh review of the loan charge. If you are affected by the loan charge and are thinking about your immediate options in light of this review, you may find the following information helpful.
More people are using online platforms to sell goods to make some money. There are different tax rules depending on whether you are trading, making some casual income, or just selling off unwanted personal items. But what if you are doing a mixture of activities? This article explains what type of ...
The Low Incomes Tax Reform Group (LITRG) has expressed concern in response to today’s Budget announcement that the income threshold for having to join Making Tax Digital for Income Tax1 is to be lowered from £30,000 to £20,000. We do not yet know the timeline for this change. This is to ...