Whilst welcoming yesterday’s announcement that the national living wage will increase to £11.44, the Low Incomes Tax Reform Group (LITRG) are highlighting that some self-employed universal credit claimants may be negatively impacted by the rate increase - even though they are not entitled to it.
In yesterday’s Autumn Statement, Chancellor Jeremy Hunt announced that Class 2 National Insurance Contributions (NIC) – normally paid by self-employed individuals – would be ‘abolished’ from next April.1 However the Low Incomes Tax Reform Group (LITRG) notes that this change does not ...
Whether you are starting a new business or are looking to develop an existing one, you may be considering setting up a limited company. Limited companies are cheap, easy to set up and may have certain benefits. But they can be difficult to run and expensive if things go wrong. You therefore need to ...
Owners of a vehicle that doesn't meet the Ultra Low Emission Zone (ULEZ) emissions standards and isn’t exempt must pay a £12.50 daily charge to drive within London boroughs. It has been confirmed by HMRC that self-employed drivers will be able to claim tax relief on the daily charge. But what ...
This year, HMRC decided to stop automatically sending out paper returns to many taxpayers. HMRC have also changed the downloadable version of the form to indicate it is now ‘for reference only’. If you need to complete your 2022/23 tax return on paper but have not yet received or ordered one from ...
Council tax in Scotland will remain ‘detached from reality’ unless ministers commit to a revaluation of properties to ensure they pay the correct amount of tax.