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Shout99 - the network for freelancers
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Poor service levels continue to undermine HMRC’s ability to deliver on their Charter standards, says the Chartered Institute of Taxation (CIOT).
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The on-going case involving broadcaster, Adrian Chiles and a £1.7 million challenge to his IR35 status from HMRC, has been referred back to the where it started five years ago.
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Freelancers, contractors and consultants working via their own limited companies have been urged to take it upon themselves to check their IR35 status – in a move which could help ensure their clients set status correctly and in turn, compliantly boost their take home after tax by anything up to 30 per cent.
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Almost 300,000 Self Assessment customers filed their tax return in the first week of the new tax year, almost 10 months ahead of the deadline, HM Revenue and Customs (HMRC) has revealed.
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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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The recent Budget received a modest welcome from the small business section but was more about missed opportunities than anything substantial.
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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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