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Self Assessment taxpayers have a few days left to submit their late tax returns to prevent a £100 penalty.
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Vacancies for contract and permanent jobs increased in January when compared to December 2020 as optimism returned to the professional recruitment sector, according to the latest monthly Recruitment Trends Snapshot report from agency group APSCo.
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A report by the Public Accounts Committee says that 'quirks in the tax system' had led to gaps in support during the pandemic.
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HMRC has given tax payers a bit of leeway by announcing that it will waive the late-filing penalties will for self-assessment forms if they are filed before March 1, 2021.
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Freelancer group, IPSE, is again calling on the Government to work with business groups to plug the gaps in self-employed support and mitigate the 'severe impact' of the latest lockdown measures.
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Almost 25,000 Self Assessment customers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1 million, HM Revenue and Customs (HMRC) has revealed.
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Freelancers and contractors who need to submit their 2019/20 Self Assessment tax return online still need to do so by the usual deadline of January 31 or risk a fine from HMRC.
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A House of Lords report has encouraged the Government to take tough action against a remaining ‘hard core’ of promoters of tax avoidance schemes, while ensuring new powers are carefully targeted and do not impact on mainstream advisers.
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The rules for claiming the third SEISS (Self-Employment Income Support Scheme) grant are stricter and more complex than before, warned a small business group.
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Small business groups are calling on the Chancellor to install a Freelance Commissioner and Future Workforce Commission to champion a sector which, they warn, warns is 'in crisis'.
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