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HMRC increases use of winding up petitions to recoup tax debt Recently Published
Susie Hughes [News on Business] 15:09 22/07/14 | Comments: 1
HM Revenue and Customs has filed 4,147 winding-up petitions in the courts in the last year in a hard-line bid to recover unpaid tax from businesses - an increase of 11 per cent on the previous year when it submitted 3,733.
Retained profit
exbrm [Ask-Legal-Accounting] 12:12 21/07/14 | Comments: 1
MyCo has been doing well over the last few years so it is accruing monies which I don't need to spend just yet. As I see it MyCo pays the CT on the profit but I don't take the dosh - why pay 40% income tax on it to put it in an ISA @1.8% interest? Are there any rules or limits on doing this?
Hunt to find best self-employed professionals
Susie Hughes [News on Business] 10:54 21/07/14
Shadow Business Minister, Ian Murray MP, has backed a nationwide search for the UK’s best self-employed professionals.
Self-employed buck trend for pay stagnation
Susie Hughes [News on Business] 11:04 18/07/14 | Comments: 2
Self-employed people should buck the trend for pay stagnation over the next 12 months as day rates for freelancers are expected to rise, according to data from the latest Freelance Confidence Index.
Businesses are busy but battling bad debts
Susie Hughes [News on Business] 09:01 17/07/14
Reports that business confidence is now at its highest level in 20 years have been borne out by the latest late payment analysis from Lovetts Plc, the commercial debt recovery law firm.
Self-employment rises again
Susie Hughes [News on Business] 12:56 16/07/14 | Comments: 2
News from that self-employment has continued to rise at a record rate shows that Britain's army of individualists is driving the economic recovery.
Controversial 'accelerated payments' hit list published
Susie Hughes [News on Business] 14:49 15/07/14 | Comments: 7
HM Revenue and Customs has published a list of tax avoidance schemes that it will target for the controversial 'accelerated payments' programme.
Welcome for move away from dispensations
Susie Hughes [News on Business] 12:06 14/07/14
The Government’s employee benefits and expenses consultations has received a qualified welcome from parts of the freelancing sector.
£1 million fines for promoters of tax planning schemes
Susie Hughes [News on Business] 06:49 11/07/14 | Comments: 17
Full details of proposals to give HM Revenue and Customs powers to impose fines of up to £1 million on tax advisers have just been published,
Long overdue updated IR35 guidance from HMRC
Susie Hughes [News on IR35] 09:05 10/07/14
HM Revenue and Customs has updated its guidance note on IR35 after much criticism of the way it has informed and educated people about the tax.

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