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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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Freelancers’ average quarterly earnings are at the second-lowest level on record and the average freelancer did not work five weeks out of 13 this quarter – the second-highest on record.
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Self Assessment customers should be alert to criminals claiming to be from HM Revenue and Customs (HMRC).
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Government statistics show that the number of self-employed in the UK dropped by 174,000 between April-June and July-September 2020, leaving the sector at 4.53 million, down from 5.1 million at the end of 2019.
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The Government has announced it will extend the suspension of the Minimum Income Floor (MIF) for Universal Credit until the end of April next year.
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