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Following the recent Spring Budget, the Government announced it will provide updates on and publish the details of further tax measures during 'Tax Administration and Maintenance Day', which is today (April 18, 2024).
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HM Revenue and Customs (HMRC) has received strong criticism for its announcement of big, permanent cuts to its taxpayer telephone helplines.
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Representatives of both the agency sector and the trade unions have urged the Government to abandon rehashed plan to allow agency staff to replace employees who are on strike.
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Small businesses and other tax payers are being advised to use up available tax allowances before the new financial year in April or risk losing out.
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Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, new analysis of workforce statistics shows.
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As the deadline to submit Self Assessment tax returns looms, nearly 44,800 people have sorted their tax bills totalling almost £148 million, by setting up a payment plan.
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Calls to the Self-Assessment helpline i the weeks leading up to the January 31, 2024 deadline will be assessed for complexity before taxpayers and agents can get help, according to an HMRC announcement.
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Around 20 million Brits receive the jab each year, with many employers choosing to cover the cost for their employees. Contractors can also benefit from this provision through their own company, but need to take care how the payment is made for the 'jab' to avoid a tax hit.
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Recruitment body, the REC, is calling on the Government to stay focussed on regulating umbrellas and scrap, what it describes as 'their grossly unfair proposal to pass the buck of umbrella tax debt to employment businesses.
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There are some surprising business expenses that sole traders and self-employed tradespeople may be forgetting about or are simply unaware of, according to a firm of insurance experts.
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