Chancellor breaks Class 2 NICs promise and lands £1bn tax on self-employed
As chancellor Philip Hammond scraps a planned tax break for 3.4m self-employed workers, small business bodies have branded it a betrayal of the UK’s sole traders. more»
NICs
Failure to scrap Class 2 NICs will cost millions of entrepreneurs this tax year
Millions of entrepreneurs will be hit with higher pension costs and lost reliefs when the new tax year starts tomorrow, the Federation of Small Businesses has warned. more»
Does IR35 mean self-employed staff are a risk to your business?
Karen Holden, co-founder of A City Law Firm, helps employers understand IR35 rules with an overview of recent changes and a ten-step guide to protecting your firm from a breach in legislation. more»
Small business owners losing three weeks every year to tax compliance
New research from the Federation of Small Businesses has revealed that the bureaucracy surrounding tax compliance is costing entrepreneurs significant time and money, and hampering growth. more»
HMRC employment status indicator tool launched for construction companies
The Check Employment Status for Tax tool (CEST) allows company bosses to check whether a worker should be classed as employed or self-employed, for tax purposes. more»
Self-employed welcome latest commitment to abolish NIC increases
The government’s newly published Good Work plan has confirmed that self-employed people will no longer be subjected to NIC increases. more»
What is IR35 and does it affect you as a business owner?
Following the Treasury’s hints that tax reforms could be extended into the private sector, Business Advice asks a question on many lips – what is IR35 and who is affected by this change. more»
Treasury delays abolition of Class 2 NICs until April 2019
The Treasury has announced it will push back the abolition of Class 2 NICs for a further year, as tax campaigners welcomed the “breathing space” offered to the UK’s low-earning self-employed until April 2019. more»
Trust in IR35 tool plummets as contractors urge HMRC to ditch reforms
Just ten per cent of UK contractors now use HMRC’s IR35 tool to clarify their working status, as faith in the government’s service to deliver correct results has all but disappeared. more»
Gig economy workers urged to register with HMRC before self-assessment deadline
Self-employed workers in Britain’s so-called “gig economy” have been advised by a lobby group to register with HMRC before the imminent self-assessment deadline for the previous tax year. more»
